13 Best Solar Companies in University City, MO (Oct 2022 Review)

The Cost and Benefits of Solar in University City

For a lot of homeowners, whether or not you should invest in solar panels depends the most on the cost. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The type of solar panels you're planning on getting: More high-tech panels are more highly priced, so that will shape your budget for your solar project.
• Energy consumption: Solar may be too pricey an investment for households that don't consume a lot of energy a month.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. In addition, you can save about $17,000 over 20 years on your utility bills, before factoring in incentives.
• Your home's orientation toward the sun: This, plus your roof configuration, affects affect how much energy your solar panels can make.

Even though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, including the angle of your roof and your current power bills.

Solar Incentives in University City

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other local incentives. Take a look at the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in University City

There are many reasons to switch to solar energy, like saving money on electricity bills and helping to lower your carbon footprint. A question many homeowners might be asking themselves is how much can they really help preserve the environment by going solar anyway? Going solar is a great choice for the environment, due to the fact that the largest source of greenhouse gas emissions in the U.S. is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.