12 Best Solar Companies in Foster, PA (Mar 2023 Review)

The Cost and Benefits of Solar in Foster

For a lot of homeowners, whether or not to invest in a solar energy system depends the most on the cost. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Energy consumption: Installing a solar system may be a high-cost option for homes that don't use a lot of energy each month.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Additionally, you can save about $16,000 over 20 years on your utility bills, without incentives.
• Your household's power bills: Based on the fairly high monthly electricity bills in Foster, you could save about $1,200 a year with solar.
• 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.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Foster

If you're thinking about switching to solar energy, various government incentives and subsidies can dramatically reduce the cost of the project and speed up the return on your investment. On top of the federal tax credit incentive, there are also some local benefits, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. Our article on solar incentives goes over more in-depth information on the incentives you can benefit from in Foster.

Environmental Impact of Switching to Solar in Foster

One reason so many people are thinking of installing solar panels is to help bring down their environmental impact. Something many homeowners might be thinking about is how much can they really help save the environment by switching to solar power anyway? Regardless of your location, you can help the planet by switching to solar energy, but homes that use lots of energy will have an even greater impact. If you go solar, your carbon footprint can be lowered by about 50 pounds every year. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.