14 Best Solar Companies in Todd Creek, CO (Aug 2022 Review)

The Cost and Benefits of Solar in Todd Creek

The cost of putting up a solar panel system has dropped greatly over the past few years, but it's still a significant investment for most homeowners. There are several factors you should take into consideration when trying to figure out costs and your potential savings, such as:

• How much power your home consumes: Homes that consume a lot of energy each month may call for more solar panels and, as a result, be more costly, but will also enjoy more savings over time.
• The cost of electricity in your area: If your local utility rates are quite high, there's a better chance you'll get a higher return on your investment in solar panels. In Todd Creek, you can save an average of $91 a month on your electricity bills.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 26% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $20,000 on your utility bills over 20 years not including incentives.

Because of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Todd Creek

One of the good things about installing a solar panel system is earning government incentives. 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 possibly pair the ITC with other local rebates and benefits. Check out the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Todd Creek

One of the most compelling reasons to switch to solar power is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. A question many might be wondering about is how much can they really help save the environment by switching to solar power anyway? Adopting solar power is an impactful choice for the environment, due to the fact that the largest source of greenhouse gas emissions in the country is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. Once you go solar, your carbon dioxide emissions can be cut by about 100 pounds every year. If you care about the environment, you'll likely get that there are many advantages to adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.