13 Best Solar Companies in Bensalem, PA (Aug 2022 Review)

The Cost and Benefits of Solar in Bensalem

The cost of installing a solar panel system has gone down greatly in the past few years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Energy consumption: Installing solar panels may be too pricey an investment for homes that don't use a good amount of energy each month.
• Your current electricity bills: Solar panels can substantially reduce, or completely eliminate, your utility bills. In Bensalem, you can save an average of $89 a month.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 26% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $15,000 over 20 years on your energy bills.

There are lots of great benefits of solar even with the upfront cost of installation. It can help the environment and your finances. Additionally, it can boost the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Bensalem

Adopting solar power has a lot of considerable benefits. Not only can it help preserve the planet, but you can also save a good amount of money on your installation with various government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 26% of how much you paid for your solar installation on your tax return, reducing 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, see the table below.

Environmental Impact of Switching to Solar in Bensalem

Lots of people want to do their part for the environment, which for many is the prime motivation to install solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Bensalem, though. The more energy your household uses, the better off the planet will be if you switch to solar since you won't need to burn as many fossil fuels. Though solar panel production emits carbon dioxide, the panels make up for it by greatly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Bensalem, you can reduce your carbon footprint by 50 pounds a year with solar panels. As you can see, going solar has so many other rewards beyond saving money. One of the major ones is that you can help save the Earth too.