8 Best Solar Companies in Bloomfield, NM (2023 Reviews)

The Cost and Benefits of Solar in Bloomfield

While solar panels can help save you a good amount of money on energy over time, it's important to take into consideration the upfront costs. Some main factors that affect how much it will cost to install a solar panel system on your home and how much it could save you over time include:

• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. Plus, you can save about $23,000 over 20 years on your utility bills, without incentives.
• Typical energy usage: The more energy your household uses on average and the larger your current energy bills are, the more benefits you'll see from switching to solar.
• The model of solar panels you can afford: This hinges on your income and budget.
• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.

Even though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, like the kind of solar panels you get and your energy consumption.

Solar Incentives in Bloomfield

Switching to solar power has lots of considerable benefits. Not only can it help protect the environment, but you can also save a decent amount of money on your installation with various government incentives. On top of the federal tax credit incentive, there are also some state- and city-level benefits, which in most cases, stack with the federal incentive, so you get to save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Bloomfield

There are lots of reasons to switch to solar energy, like saving some money on utility bills and helping to reduce your carbon footprint. But how much can using solar energy instead of traditional energy actually affect the environment? No matter where you are, you can help protect the environment by switching to solar energy, but homes that use lots of energy will have an even greater impact. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. The perks of solar power are abundant — just like solar power is! That's why so many people have been happy with using solar energy.