16 Best Solar Companies in Denver, PA (Oct 2022 Review)

The Cost and Benefits of Solar in Denver

For a lot of homeowners, whether or not to invest in solar energy boils down to the cost. Some significant things that determine the upfront cost and potential savings over time include:

• The model of solar panels you want to get: Some cost more, so that will affect your budget for your solar project.
• The amount of sunlight your city gets: Due to Denver's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• Your home's power bills: Due to fairly high monthly power bills in Denver, you could save about $1,000 a year with solar.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.

So are solar panels worth it? Whether you want to lower your electric bills, greenhouse gas emissions or both, solar panels are a solid investment for many Denver homeowners.

Solar Incentives in Denver

If you're planning on making the switch to solar power, several government incentives and state programs can dramatically reduce the cost of the project and expedite the return on your investment. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other local rebates and benefits. For comprehensive information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Denver

Making the switch to solar power is a powerful way to do what you can for a more sustainable future. But how much can using solar energy instead of traditional energy actually help the environment? In a city like Denver where energy use is rather high, making the switch to solar power is a great idea for those who are worried about the state of the planet. In Denver, the average homeowner can reduce their carbon footprint by 50 pounds a year once they go solar. Since solar energy is plentiful and generates electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help the planet.