17 Best Solar Companies in Lower Salford, PA (Feb 2023 Review)

The Cost and Benefits of Solar in Lower Salford

The cost of installing solar panels has dropped immensely in the past several years, but it's still a significant investment for most homeowners. Some key things that influence the cost and possible savings include:

• The kind of solar panels you have the money for: This is dependent on your income and budget.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your power bills, which can generate an average of $15,000 of savings over 20 years.
• How much power your home consumes: Homes that use lots of power each month may call for more solar panels and, as a result, more upfront cost, but will also benefit more over time.
• Your current electricity bills: Solar panels can significantly reduce, or entirely get rid of, your utility bills. In Lower Salford, you can save an average of $86 a month.

Solar is a profitable investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and benefit from solar incentives, all while helping protect the planet.

Solar Incentives in Lower Salford

There are many good reasons why going solar is a great investment. One of them includes some government incentives that can help save you some money. When you install a solar panel system on your house, 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 state and city incentives that you can use to further save. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Lower Salford

There are tons of reasons to switch to solar energy, like saving money on electricity bills and helping to lower your carbon footprint. But — how much exactly can you help the environment by going solar? Something that can severely influence your carbon footprint is your commute time and how much you drive altogether. If you switch to solar power and have an electric car, you can vastly reduce your carbon dioxide emissions by charging your car at home. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 50 pounds each year. As you can see, going solar has so many other benefits outside of saving money. One of the primary ones is that you can help save the Earth too.