16 Best Solar Companies in Concord, MO (Feb 2023 Review)

The Cost and Benefits of Solar in Concord

The cost of putting up solar panels has decreased significantly in the past few years, but it's still a significant investment for most homeowners. There are several factors you should take into consideration when determining how much it will cost and how much you can save, such as:

• 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 give you lower savings on electric bills than a roof that gets lots of sunlight.
• Your income and budget: This guides what model of solar panels you can afford.
• Electricity consumption: The average household in Concord uses a decent amount of, and as a result may save on their energy bills.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $16,000 over 20 years on your energy bills.

There are lots of great benefits of solar despite the initial cost of installation. It can help the environment and your bank account. Additionally, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Concord

Although installing solar panels is typically a big investment, it can save you a lot of money over several years due to lower utility bills and 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 find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Concord

Switching to solar energy can have a positive effect on the environment. But you may be wondering — how much exactly can you help the planet by using solar power? If your home consumes lots of energy, you can help the environment even more by switching to solar power. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. As you can see, trading traditional energy for solar has so many other perks beyond saving money. One of the major ones is that you can help save the Earth too.