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

The Cost and Benefits of Solar in Denver

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

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 26% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Your household's power bills: Because of fairly high monthly electricity bills in Denver, you could save about $1,000 a year with solar.
• Your energy consumption: If your family regularly uses a lot of energy, you'll reap more rewards from switching to solar.

As a result of solar panels now being cheaper than ever as well as several solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Denver

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a lot of money over many years because of reduced utility bills and government incentives. These incentives usually take the form of cash rebates, tax breaks and/or solar renewable energy credits. They can lower the cost you pay for going solar by 26 to 50% in some cases. For comprehensive information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Denver

Replacing nonrenewable energy with solar power is a great way to do what you can for a cleaner and more sustainable future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Denver, though. No matter where you are, you can help save the environment by switching to solar energy, but homes that consume more energy will have an even greater impact. While solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Denver, 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 outside of saving money. One of the most important ones is that you can help save the planet too.