17 Best Solar Companies in Twin Lakes, CO (Oct 2022 Review)

The Cost and Benefits of Solar in Twin Lakes

For the majority of homeowners, whether or not you should invest in solar panels depends the most on the cost. The cost of solar and the savings it generates vary depending on a few key factors such as:

• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can give you an average of $19,000 of savings over 20 years.
• How much electricity your home consumes: Households that consume a lot of power each month may need more solar panels and, as a result, more upfront cost, but will also save more on their energy bills over time.
• Your home's orientation toward the sun: This, along with the configuration of your roof, affects affect how much electricity your solar panels can generate.

Because of solar panels now being cheaper than ever as well as various solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Twin Lakes

There are many reasons why you should switch to solar. One of them involves some government incentives you can take advantage of. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. Take a look at our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Twin Lakes

There are a few important reasons why people are interested in solar energy: for the financial and environmental benefits. But you may be wondering — how much exactly can you help by using solar power? How much energy you use is a significant factor to consider. The more energy your household consumes, the bigger your impact when you switch to solar energy. When you go solar, your carbon dioxide emissions can be reduced by about 100 pounds a year. Since solar energy is renewable and produces electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help protect the environment.