13 Best Solar Companies in University City, MO (Feb 2023 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.
• Your location: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• How much you spend on energy: The average family in University City shells out around $1,300 a year on electricity alone, so you could gain that much in savings.
• Incentives: Something 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 money on your utility bills, which can give you an average of $17,000 of savings over 20 years.

Solar is a rewarding investment for most homeowners. You can generate your own electricity instead of paying for it from a utility company and take advantage of solar tax credits and rebates, all while helping the Earth.

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 our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in University City

A lot of people want to do what they can to help the planet, which for many is the prime reason for installing solar panels. But you may be curious — how much exactly can you help the environment by using solar power? If your family uses a lot of energy, you can help the environment even more by switching to solar power. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 100 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.