12 Best Solar Companies in Meridian, CO (Jan 2023 Review)

The Cost and Benefits of Solar in Meridian

We know that for lots of homeowners, the choice to invest in solar highly depends on installation costs. A few main factors that dictate the cost of installing solar panels on your home and how much it could save you over time are:

• How much power your home consumes: Households that need a lot of power each month may need more solar panels and, therefore, be more expensive, but will also benefit more over time.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Additionally, you can save about $20,000 over 20 years on your utility bills, not including incentives.
• The amount of sunlight your home gets: Due to Meridian's very high amount of average daily sunlight, you should be able to save a lot on your electric bills.
• How much you spend on energy: The average family in Meridian spends around $1,100 a year on energy use alone, so you could be looking at that much in savings.

Though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, like the amount of daily direct sunlight available and incentives.

Solar Incentives in Meridian

There are lots of reasons why adopting solar power is beneficial. One of them includes some government incentives you can take advantage of. There are several federal, state and local rebates and tax credits that let you earn a decent amount of money back after paying for solar panels. Our article on solar incentives goes over more information on the incentives you can take advantage of in Meridian.

Environmental Impact of Switching to Solar in Meridian

Installing solar panels can have a beneficial effect on the environment. But you may be curious — how much exactly can you help the environment by using solar power? How much energy you use is an important factor to consider. The more energy you use, the bigger your impact when you go solar. Although solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Meridian, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other benefits outside of saving money. One of the primary ones is that you can help save the Earth too.