15 Best Solar Companies in Cape Coral, FL (Jul 2022 Review)

The Cost and Benefits of Solar in Cape Coral

We get that for many homeowners, the choice to invest in solar comes down to installation costs. Some key things that influence the cost and possible savings include:

• Your household's power bills: Because of fairly high monthly electricity bills in Cape Coral, you could save about $1,200 a year with solar.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 26% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $20,000 over 20 years on your energy bills.
• The model of solar panels you're thinking of getting: More efficient models have higher prices, so that will determine your budget for your solar project.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to produce as much energy, which will give you lower savings on electric 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 much more over time. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your current power bills.

Solar Incentives in Cape Coral

If you're considering making the switch to solar energy, a number of government incentives and subsidies can drastically lower the installation costs and speed up the return on your investment. There are a lot of federal, state and local rebates and tax credits that earn some money in return after installing a qualifying system. Check out the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Cape Coral

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 Cape Coral, though. One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Even though making solar panels emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Cape Coral, you can reduce your carbon footprint by 90 pounds a year with solar panels. The great things about solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with using solar energy.