18 Best Solar Companies in Louisville, CO (Jan 2023 Review)

The Cost and Benefits of Solar in Louisville

While solar panels can help save you a good amount of money on energy bills over time, it's necessary to take into consideration the startup costs. The cost of solar and the savings it generates vary depending on a few key factors such as:

• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Your home's power bills: Due to fairly high monthly electric bills in Louisville, you could save about $1,000 a year with solar.
• Where your home is: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $19,000 over the first 20 years with your solar panels, too.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, including the size of your house and your current power bills.

Solar Incentives in Louisville

Because solar power is better for the environment than fossil fuels, there are several government incentives in place to encourage its adoption. In addition to the federal solar investment tax credit, there are also some state- and city-level programs, which in the majority of cases, can be claimed in addition to the federal incentive, so you get to save even more. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Louisville

Many want to do their part for the environment, which in many cases is the main motivation to install a solar system. Something many people might be thinking about is how much can they really help preserve the environment by going solar anyway? In Louisville, where the energy generation produces a lot of greenhouse gasses, going solar can have a significant effect on the environment since solar power has a lower carbon footprint. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Louisville, you can reduce your carbon footprint by 100 pounds a year with solar panels. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.