16 Best Solar Companies in Rifle, CO (Feb 2023 Review)

The Cost and Benefits of Solar in Rifle

We understand that for most homeowners, the choice to invest in solar comes down to installation costs. There are quite a few factors you should take into consideration when trying to figure out costs and your potential savings, such as:

• The amount of sunlight your home gets: Thanks to Rifle's very high amount of average daily sunlight, you should be able to save a lot on your electric bills.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• The cost of energy for you: If your local power rates are quite high, there's a good chance you'll see a higher return on your investment in a solar system. In Rifle, you can save an average of $83 a month on your electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $18,000 over the first 20 years with your system, too.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Rifle

There are several reasons why adopting solar power is beneficial. One of them includes some government incentives you can take advantage of. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Rifle

One of the most compelling reasons to use solar power is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Rifle, though. Regardless of your location, you can help the environment by switching to solar energy, but homes that consume a lot of energy will have a greater impact. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. If you care about the environment, you'll most likely understand that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.