15 Best Solar Companies in Wheat Ridge, CO (Sep 2022 Review)

The Cost and Benefits of Solar in Wheat Ridge

The cost of putting up solar panels has gone down greatly over the past several years, but it's still a large investment for most homeowners. There are several factors you should take into consideration when trying to determine costs and your potential savings, including:

• Your current energy bills: Solar panels can noticeably reduce, or completely eradicate, your utility bills. In Wheat Ridge, you can save an average of $87 a month.
• How much electricity your home consumes: Households that use a lot of energy each month may need more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can give you an average of $19,000 of savings over 20 years.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panels won't be able to generate as much energy, which will leave you with lower savings on energy bills than a house with a roof that gets lots of sunlight.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the angle of your roof and your current power bills.

Solar Incentives in Wheat Ridge

One of the great things about installing a solar panel system is receiving incentives from the government. There are several federal, state and local rebates and tax credits that let you earn some money back after paying for a solar panel system. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Wheat Ridge

One of the best reasons to tap into solar energy is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. Something many people might have in mind is how much can they really help the environment by going solar anyway? Regardless of your location, you can help save the environment by switching to solar energy, but homes that use more energy will have a greater impact. While making solar panels emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used traditional energy. In Wheat Ridge, you can reduce your carbon footprint by 100 pounds a year with solar panels. Since solar energy is abundant and makes electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help the environment.