14 Best Solar Companies in Buckingham, PA (Mar 2023 Review)

The Cost and Benefits of Solar in Buckingham

The cost of putting up a solar panel system has decreased significantly over the past several years, but it's still a substantial investment for most homeowners. A few main factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time include:

• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• How much you spend on energy: If your local electricity rates are quite high, there's a better chance you'll get a higher return on your investment in a solar system. In Buckingham, you can save an average of $88 a month on your electricity bills.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, including the size of your solar panel system and incentives.

Solar Incentives in Buckingham

One of the benefits of installing a solar panel system is receiving incentives from the government. These incentives usually take the form of cash rebates, tax credits and/or solar renewable energy credits. They can lower the cost of going solar by 30%, upwards of 50% depending on your location. For more information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Buckingham

An important reason so many people are thinking of going solar is to help lower their environmental impact. You may be trying to figure out — how much do solar panels do for the planet anyway? In a city like Buckingham where energy use is rather high, going solar is a fantastic plan for homeowners who care about the planet. In Buckingham, the average resident can lower their carbon footprint by 50 pounds a year once they go solar. If you want to do your part for the environment, you'll no doubt recognize that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is worth more.