12 Best Solar Companies in Souderton, PA (Feb 2023 Review)

The Cost and Benefits of Solar in Souderton

The cost of installing solar panels has gone down greatly in the past several years, but it's still a substantial investment for most homeowners. A few main factors that dictate the cost of installing solar panels on your home and how much it could save you over time are:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. Additionally, you can save about $15,000 over 20 years on your utility bills, without incentives.
• Your income and budget: This shapes what model of solar panels you can get.
• Your current electric bills: Solar panels can substantially reduce, or totally eliminate, your utility bills. In Souderton, you can save an average of $85 a month.
• average energy usage: The more energy your home uses on average and the larger your current energy bills are, the more likely you'll benefit from going solar.

Though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, like the size of your solar panel system and your local electricity rates.

Solar Incentives in Souderton

One of the benefits of installing a solar panel system is earning federal and potentially state incentives. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can benefit from to further save. For more information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Souderton

There are lots of reasons to make the switch to solar power, like saving money on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Souderton, though. The more energy your family uses, the better off the planet will be if you switch to solar since you won't need to rely on traditional energy sources as much. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 50 pounds each year. Since solar energy is plentiful and produces electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.