13 Best Solar Companies in Lone Tree, CO (Mar 2023 Review)

The Cost and Benefits of Solar in Lone Tree

We get that for lots of homeowners, the choice to invest in solar hinges on installation costs. Some important factors that influence how much it will cost to install solar panels on your home and how much it could save you over time include:

• Your power bills: This will dictate your savings. In Lone Tree, the average homeowner can save about $1,100 a year on their electricity bills.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your utility bills, which can generate an average of $20,000 of savings over 20 years.
• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panel system won't be able to generate as much energy, which will give you lower savings on electricity bills than a house with a roof that gets a lot of sunlight.

There are many wonderful benefits of solar despite the initial cost of installation. It can help the planet and your wallet. Additionally, it can boost the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Lone Tree

Switching to solar power has a lot of considerable benefits. Not only can it help preserve the Earth, but you can also save a good amount of money on your installation with various government incentives. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there are often some state and city incentives that you can take advantage of to further save. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Lone Tree

There are a few big reasons why people want to invest in solar energy: to put more money in their bank account and to help the planet. But — how much exactly can you help by going solar? A significant thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be larger, so switching to solar energy for your house can help offset that. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.