14 Best Solar Companies in Denver, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Denver

While solar panels can help save you a decent chunk of change on electricity bills over time, it's necessary to consider the upfront costs. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• How much energy costs for you: If your local electricity rates are quite high, there's a better chance you'll have a higher return on your investment in solar panels. In Denver, you can save an average of $105 a month on your electricity bills.
• Electricity consumption: The average household in Denver uses a lot of energy, and as a result may see more savings on electricity bills than other places.
• Average daily sunlight: Since Denver gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which affects how much you can save on your energy bills.
• The kind of solar panels you want to get: More high-tech panels are more costly, so that will influence your budget for your solar project.

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

Solar Incentives in Denver

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 financially viable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other local incentives. For comprehensive information about incentives for homeowners in Denver, see the table below.

Environmental Impact of Switching to Solar in Denver

One reason so many homeowners consider installing solar panels is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Denver, though. If your home uses lots of energy, you can impact the environment even more by switching to solar power. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.