11 Best Solar Companies in Downingtown, PA (Feb 2023 Review)

The Cost and Benefits of Solar in Downingtown

While solar panels can save you money on utility bills over time, it's important to take into consideration the upfront costs. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• The cost of electricity in your area: If your local electricity rates are quite high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Downingtown, you can save an average of $89 a month on your electricity bills.
• Incentives: Those who purchase and install a solar system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $15,000 on your utility bills over 20 years excluding incentives.
• The amount of sunlight your area gets: Thanks to Downingtown's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

Solar is a fruitful investment for most homeowners. You can generate your own energy instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping preserve the Earth.

Solar Incentives in Downingtown

Although solar power is typically a large investment, it can save you a lot of money over time due to smaller power bills and government incentives. When you install a solar panel system on your home, 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. In addition, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Downingtown

Going solar can have a meaningful impact on the environment. But how much can using solar energy instead of traditional energy actually affect the environment? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. If you go solar, your carbon footprint can be lowered by about 60 pounds every year. If you want to do what you can for the environment, you'll most likely get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.