16 Best Solar Companies in Denver, PA (Feb 2023 Review)

The Cost and Benefits of Solar in Denver

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

• Your income and budget: This determines what kind of solar panels you can buy.
• Your current electric bills: Solar panels can dramatically reduce, or completely eliminate, your utility bills. In Denver, you can save an average of $83 a month.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your power bills, which can result in an average of $14,000 of savings over 20 years.
• Average daily sunlight: Since Denver gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your electricity bills will be.

There are several good benefits of solar in spite of the upfront cost of installation. It can help the planet and your bank account. Additionally, it can raise the value of your home, giving you even more benefits if you want to sell your home later.

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, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Denver

There are lots of reasons to switch to solar energy, like saving some money on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Denver, though. In a city like Denver where energy use is rather high, switching to solar energy is a good idea for households who want to do their part for the environment. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Denver, you can reduce your carbon footprint by 50 pounds a year with solar panels. The great things about solar power are plentiful — just like solar power is! That's why so many Denver residents have been happy with committing to solar.