14 Best Solar Companies in Montrose, CO (Sep 2022 Review)

The Cost and Benefits of Solar in Montrose

For many homeowners, whether or not you should invest in solar panels depends the most on the cost. The overall price and potential savings vary depending on some key factors such as:

• How much power your household consumes: Households that need plenty of energy each month may call for more solar panels and, therefore, be more expensive, but will also enjoy more savings over time.
• The type of solar panels you can buy: This depends on how much you're willing to spend upfront.
• The amount of sunlight your roof gets: This, and your roof configuration, affects affect how much power your solar panels can generate.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $25,000 over 20 years with your solar system, too.

So are solar panels worth it? Whether you hope to reduce your electricity costs, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Montrose homeowners.

Solar Incentives in Montrose

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Montrose

If you want to add solar panels to your home, one of the main reasons why may be to lower your carbon footprint. But — how much exactly can you help by going solar? Using solar energy for electricity rather than burning fossil fuels is a good way to lower your carbon footprint if you're worried about Montrose's large level of greenhouse gas emissions. After you go solar, your carbon dioxide emissions can be cut by about 100 pounds each year. If you want to do what you can for the environment, you'll no doubt find that there are many good things about adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.