16 Best Solar Companies in Concord, MO (Oct 2022 Review)

The Cost and Benefits of Solar in Concord

For lots of homeowners, whether or not to invest in solar panels comes down to the cost. Some significant things that impact how much it will cost and how much you could save include:

• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on energy bills than a house with a roof that gets plenty of sunlight.
• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $16,000 on your electricity bills over 20 years without incentives.
• The type of solar panels you're thinking of getting: Higher-efficiency panels are more costly, so that will influence your budget for your solar project.
• Electricity consumption: The average household in Concord uses a decent amount of, and as a result may save on their energy bills.

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 Concord

One of the great things about installing a solar panel system is receiving government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Concord

If you're thinking of adding solar panels to your home, one of the primary reasons why may be to lower your carbon footprint. But you may be curious — how much exactly can you help the planet by making the switch to solar? No matter where you are, you can help save the environment by switching to solar energy, but homes that use a lot of energy will have an even bigger impact. When you go solar, your carbon emissions can be cut by about 100 pounds every year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.