11 Best Solar Companies in Hatboro, PA (Oct 2022 Review)

The Cost and Benefits of Solar in Hatboro

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

• The cost of electricity in your area: If your local electricity rates are quite high, there's a better chance you'll see a higher return on your investment in solar panels. In Hatboro, you can save an average of $89 a month on your electricity bills.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Where your home is: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $15,000 on your energy bills over 20 years without incentives.

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

Solar Incentives in Hatboro

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. State and city solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar power systems, in addition to the federal solar tax credit. Take a look at the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Hatboro

Many want to do what they can for the environment, which for many is the main reason they're interested in installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hatboro, though. In a city like Hatboro where commute times can be pretty long, installing solar panels can help help reduce the carbon footprint of driving a lot. Although making solar panels emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Hatboro, you can reduce your carbon footprint by 50 pounds a year with solar panels. If you want to do your part for the environment, you'll likely understand that there are many benefits of adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.