12 Best Solar Companies in Monument, CO (2023 Reviews)

The Cost and Benefits of Solar in Monument

When picking a solar company, most homeowners or business owners care about the costs above all. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. Additionally, you can save about $23,000 over 20 years on your utility bills, without incentives.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on energy bills than a house with a roof that gets a lot of sunlight.
• Electricity consumption: The average household in Monument uses a decent amount of, and consequently may save on their energy bills.

Solar is a worthwhile investment for most homeowners. You can generate your own power instead of paying for it from a utility company and take advantage of solar incentives and rebates, all while helping protect the Earth.

Solar Incentives in Monument

One of the good things about installing a solar panel system is receiving government incentives. When you install a solar panel system on your home, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some state and city incentives that you can use to further cut back on the cost of solar of solar panels. Take a look at our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Monument

There are lots of reasons to trade traditional energy for solar energy, like saving on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Monument, though. Regardless of your location, you can help save the environment by switching to solar energy, but homes that consume lots of energy will have a greater impact. Once you go solar, your carbon emissions can be cut by about 100 pounds every year. The benefits of solar power are abundant — just like solar power is! That's why so many people have been happy with using solar energy.