13 Best Solar Companies in New Castle, CO (Feb 2023 Review)

The Cost and Benefits of Solar in New Castle

Although solar panels can help save you a decent chunk of change on energy bills over time, it's important to take into consideration the startup costs. Some key things that influence how much it will cost and how much you could save include:

• The cost of energy for you: If your local electricity rates are quite high, there's a good chance you'll see a higher return on your investment in solar panels. In New Castle, you can save an average of $84 a month on your electricity bills.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on power bills than a house with a roof that gets a lot of sunlight.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.

Solar is a valuable investment for most homeowners. You can produce your own power instead of paying for it from a utility company and take advantage of solar incentives, all while helping the planet.

Solar Incentives in New Castle

To increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially use the ITC with other local incentives. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in New Castle.

Environmental Impact of Switching to Solar in New Castle

There are many reasons to make the switch to solar energy, like saving on electricity bills and helping to lower your carbon footprint. But how much can installing solar panels actually help the environment? No matter where you are, you can help protect the environment by switching to solar energy, but homes that use more energy will have a greater impact. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. If you care about the environment, you'll no doubt find that there are many good things about adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.