16 Best Solar Companies in Grants, NM (Mar 2023 Review)

The Cost and Benefits of Solar in Grants

When choosing a solar company, most homeowners or business owners care about the costs above all. The overall price and potential savings vary depending on some key factors such as:

• The amount of sunlight your roof gets: Because of Grants' very high amount of average daily sunlight, you should be able to save a lot on your power bills.
• System size and type: Some models are more costly than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Your energy consumption: If your family uses a lot of energy, you'll benefit more from going solar.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. In addition, you can save about $25,000 over 20 years on your utility bills, without incentives.

There are lots of good benefits of solar even with the upfront cost of installation. It can help the Earth and your bank account. Additionally, it can increase the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Grants

If you're planning on making the switch to solar energy, a variety of government incentives and state programs can drastically lower the installation costs and speed up the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. For comprehensive information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Grants

Lots of people want to do their part to help the planet, which often is the chief reason for installing a solar system. A question many people might be wondering about is how much can they really help save the environment by going solar anyway? If your family uses lots of energy, you can have an even greater impact on the planet by switching to solar energy. While solar panel production releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Grants, you can reduce your carbon footprint by 100 pounds a year with solar panels. The good things about solar power are abundant — just like solar power is! That's why so many people have been happy with committing to solar.