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

The Cost and Benefits of Solar in Folcroft

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your system. A few main factors that influence how much it will cost to install solar panels on your home and how much money you could save over time are:

• How much energy you use: If your home needs to use a lot of energy, you'll see more savings from switching to solar.
• Your income and budget: This guides what type of solar panels you can afford.
• How much you spend on energy: The average family in Folcroft pays around $1,100 a year on power alone, so you could gain that much in savings.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 26% 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.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, like the kind of solar panels you get and incentives.

Solar Incentives in Folcroft

Although installing solar panels is typically a large investment, it can save you a lot of money over time due to lower power bills and government incentives. These incentives normally consist of cash rebates, tax benefits and/or performance-based incentives. They can cut how much you pay for going solar by 26 to 50% in some cases. For comprehensive information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Folcroft

If you're planning on adding solar panels to your home, one of the primary reasons why may be to lower your greenhouse gas emissions. You may be asking yourself — how much does going solar do for the planet anyway? In a city like Folcroft where energy use is rather high, installing solar panels is a fantastic plan for households who are worried about the state of the planet. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. Since solar power is abundant and produces electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help protect the environment.