11 Best Solar Companies in Manitou Springs, CO (Mar 2023 Review)

The Cost and Benefits of Solar in Manitou Springs

For many readers, the decision of which solar company to choose depends on total costs. There are several factors you should take into consideration when determining the overall cost and how much you can save, including:

• 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 local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $24,000 over 20 years with your solar panels, too.
• Average daily sunlight: Since Manitou Springs gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which impacts how much your electricity bills will be.
• average energy usage: The more power your home consumes on average and the greater your current power bills are, the more benefits you'll see from making the switch to solar.
• How much you spend on energy: The typical household in Manitou Springs pays around $1,300 a year on home energy use alone, so you could be looking at that much in savings.

There are lots of great benefits of solar despite the initial cost of installation. It can help the environment and your bank account. Additionally, it can increase the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Manitou Springs

Although installing solar panels is typically a large investment, it can save you much money over the lifespan of your solar panels because of smaller utility bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. In our article on solar incentives, you can find out about the incentives you qualify for in Manitou Springs.

Environmental Impact of Switching to Solar in Manitou Springs

There are lots of reasons to make the switch to solar power, like saving some money on utility bills and helping to reduce your carbon footprint. A question many homeowners might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? How much energy you use is a significant factor to keep in mind. The more energy your home uses, the larger your impact when you go solar. In Manitou Springs, the average household can reduce their carbon footprint by 100 pounds a year once they go solar. If you care about the environment, you'll most likely understand that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.