14 Best Solar Companies in Mead, CO (Jan 2023 Review)

The Cost and Benefits of Solar in Mead

For lots of homeowners, whether or not to invest in solar energy boils down to the cost. The overall price and potential savings vary depending on a few key factors such as:

• The model of solar panels you're thinking of getting: More high-tech panels are more highly priced, so that will determine your budget for your solar project.
• How much sunlight your roof gets: This, plus the configuration of your roof, affects affect how much energy your solar panels can generate.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Additionally, you can save about $19,000 over 20 years on your utility bills, without incentives.
• How much power your household needs: If your home uses a lot of energy, you'll see more savings from installing solar panels.

Although a solar panel system costs a sizable chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, like the amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Mead

Since solar power is more sustainable than traditional energy sources, there are quite a few government incentives available to encourage its adoption. State and city solar incentives vary by location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. For more information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Mead

One of the reasons so many people are considering switching to solar power is to help lower their environmental impact. But you may be curious — how much exactly can you help by going solar? The more power your household uses, the better off the planet will be from you switching to solar since you won't need to burn as many fossil fuels. In Mead, the average resident can reduce their carbon footprint by 100 pounds a year once they go solar. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.