11 Best Solar Companies in Hatboro, PA (2023 Reviews)

The Cost and Benefits of Solar in Hatboro

For lots of homeowners, whether or not to invest in solar panels depends the most on the cost. There are a few factors you should take into consideration when trying to determine costs and your potential savings, such as:

• Your income and budget: This guides what model of solar panels you can purchase.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. In addition, you can save about $15,000 over 20 years on your utility bills, before factoring in incentives.
• How much energy costs for you: If your local utility rates are quite high, there's a better chance you'll end up with a higher return on your investment in solar panels. In Hatboro, you can save an average of $89 a month on your electricity bills.

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 our article on solar incentives 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.