15 Best Solar Companies in Silverthorne, CO (Oct 2022 Review)

The Cost and Benefits of Solar in Silverthorne

We understand that for most homeowners, the decision to invest in solar rests on installation costs. The overall price and potential savings vary depending on some important factors such as:

• Choice of solar panels: The type of solar panels you are interested in getting 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 go with a higher number of more affordable panels.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on power bills than a roof that gets plenty of sunlight.
• How much electricity your household consumes: Homes that consume a lot of power each month may call for more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. In addition, you can save about $20,000 over 20 years on your utility bills, before factoring in incentives.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and your local electricity rates.

Solar Incentives in Silverthorne

If you're considering making the switch to solar energy, several government incentives and solar rebates can drastically lower the cost of the project and speed up the return on your investment. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. Check out the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Silverthorne

There are a few primary reasons why people are considering solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Silverthorne, though. The EPA reports that electricity generation is the second biggest source of greenhouse gas emissions and about 62% of our electricity is generated by burning fossil fuels. Switching to a clean energy source like solar power can help reduce that number in a city like Silverthorne that produces a large amount of carbon dioxide emissions each year. In Silverthorne, the average homeowner can lower their carbon footprint by 100 pounds a year once they go solar. The benefits of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with using solar energy.