15 Best Solar Companies in Swarthmore, PA (Aug 2022 Review)

The Cost and Benefits of Solar in Swarthmore

For many people, the decision of which solar company to go with comes down to total costs. There are quite a few factors you should take into consideration when trying to determine the overall cost and how much you can save, including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $16,000 over 20 years with your solar panels, too.
• The cost of energy for you: If your local utility rates are quite high, there's a better chance you'll see a higher return on your investment in a solar panel system. In Swarthmore, you can save an average of $89 a month on your electricity bills.
• Your income and budget: This affects what kind of solar panels you can get.
• Electricity consumption: The average household in Swarthmore uses a decent amount of, and consequently may save on their energy bills.

Solar is a profitable investment for most homeowners. You can produce your own power instead of paying for it from the grid and take advantage of solar tax credits and rebates, all while helping the environment.

Solar Incentives in Swarthmore

In order to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more economical and accessible. These incentives normally include cash rebates, tax benefits and/or performance-based incentives. They can lower the cost you pay for going solar by 26 to 50% in some cases. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Swarthmore

There are tons of reasons to trade traditional energy for solar energy, like saving some money on utility bills and helping to reduce your carbon footprint. You may be asking yourself — how much do solar panels do for the environment anyway? The EPA reports that electricity production is the second largest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Installing solar panels and switching to renewable energy can help lower that statistic in a city like Swarthmore that accounts for a fair amount of carbon dioxide emissions each year. In Swarthmore, the average homeowner can lower their carbon footprint by 60 pounds a year after going solar. The great things about solar power are abundant — just like solar power is! That's why so many Swarthmore residents have been happy with committing to solar.