18 Best Solar Companies in Penrose, CO (Feb 2023 Review)

The Cost and Benefits of Solar in Penrose

When choosing a solar company, most homeowners or business owners think about the costs above all. A few important factors that affect the cost of installing solar panels on your home and how much money you could save over time include:

• How much sunlight your roof gets: If your roof gets limited direct sunlight, your solar system won't be able to generate as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets lots of sunlight.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $27,000 over 20 years with your solar panels, too.
• Energy consumption: Solar may be a high-cost investment for households that don't use too much energy each month.

There are lots of wonderful benefits of solar even with the initial cost of installation. It can help the Earth and your finances. In addition, it can boost the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Penrose

Because solar power is better for the environment than burning fossil fuels, there are several government incentives available to encourage people to make the switch. On top of the federal solar investment tax credit, there are also some state- and city-level programs, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. For comprehensive information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Penrose

One of the best reasons to tap into solar power is to decrease your dependence on traditional energy sources like burning fossil fuels, which are hazardous for the environment. But how much can using solar energy instead of traditional energy actually affect the environment? Your energy usage is a significant factor to consider. The more power you use, the greater your impact when you switch to solar energy. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Penrose, you can reduce your carbon footprint by 100 pounds a year with solar panels. Since solar energy is plentiful and generates electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help protect the environment.