17 Best Solar Companies in Collingdale, PA (Sep 2022 Review)

The Cost and Benefits of Solar in Collingdale

We know that for most homeowners, the decision to invest in solar rests on installation costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• Average daily sunlight: Since Collingdale gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your electricity bills will be.
• Your income and budget: This determines what model of solar panels you can purchase.
• How much energy your household consumes: Homes that use lots of electricity each month may require more solar panels and, as a result, be more expensive, but will also enjoy more savings over time.

So is a solar system worth it? Whether you'd like to decrease your electric bills, carbon dioxide emissions or both, solar panels are a great investment for many Collingdale homeowners.

Solar Incentives in Collingdale

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over time due to lower energy bills and government incentives. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some state and city incentives that you can use to further cut back on the cost of solar of solar panels. Check out the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Collingdale

One reason so many homeowners consider adopting solar energy 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 Collingdale, though. According to the EPA, electricity production is the second largest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Using solar power can help bring down that number in a city like Collingdale that accounts for a fair amount of carbon dioxide emissions each year. If you go solar, your carbon dioxide emissions can be reduced by about 60 pounds a year. As you can see, investing in solar has so many other rewards besides saving money. One of the main ones is that you can help save the Earth too.