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

The Cost and Benefits of Solar in Richboro

For the majority of homeowners, the decision to invest in a solar energy system depends the most on the cost. There are a few factors you should consider when trying to determine costs and your potential savings, including:

• Your power bills: This will impact your savings. In Richboro, the average resident can save about $1,100 a year on their electricity bills.
• Your home's orientation toward the sun: This, along with the configuration of your roof, affects affect how much power your solar panels can make.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $15,000 over 20 years with your solar system, too.
• The type and model of solar panels you want to get: More efficient models are more expensive, so that will influence your budget for your solar project.

Thanks to solar panels decreasing in cost as well as several solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Richboro

Although a solar power system is typically a big investment, it can save you much money in the long term due to lower power bills and government incentives. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Richboro

One of the most compelling reasons to switch to solar energy is to decrease your dependence on traditional energy sources like burning fossil fuels, which are harmful for the environment. A question many homeowners might have in mind is how much can they really help protect the environment by switching to solar power anyway? One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you install solar panels, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. Since solar energy is plentiful and makes electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help preserve the planet.