12 Best Solar Companies in Sheridan, CO (Feb 2023 Review)

The Cost and Benefits of Solar in Sheridan

The cost of putting up solar panels has dropped greatly over the past several years, but it's still a substantial investment for most homeowners. Some important factors that affect the cost of installing solar panels on your home and how much money you could save over time are:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• average energy usage: The more power your home uses on average and the higher your current power bills are, the more likely you'll benefit from going solar.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panels won't be able to produce as much energy, which will give you lower savings on electricity bills than someone with a roof that gets plenty of sunlight.

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

Solar Incentives in Sheridan

One of the great things about installing a solar panel system is earning federal and potentially state incentives. There are quite a few federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money in return after installing solar panels. For comprehensive information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Sheridan

An important reason so many homeowners are thinking of installing solar panels is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Sheridan, though. In Sheridan, where the energy generation produces a lot of greenhouse gasses, going solar can have a big impact on the Earth since solar power has a lower carbon footprint. In fact, if you make the switch to solar power, you could reduce your carbon dioxide emissions by about 100 pounds each year. Since solar energy is abundant and generates electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help preserve the environment.