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

The Cost and Benefits of Solar in Swarthmore

Even though solar panels can save you money on utility bills over time, it's important to take into consideration the upfront costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• The cost of energy for you: If your local power rates are quite high, there's a good chance you'll have a higher return on your investment in a solar system. In Swarthmore, you can save an average of $89 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. Plus, you can save about $16,000 over 20 years on your utility bills, before factoring in incentives.
• Your income and budget: This shapes what kind of solar panels you can get.
• How much energy your home consumes: Homes that use plenty of electricity each month may require more solar panels and, as a result, be more expensive, but will also save more on their energy bills over time.

There are several good benefits of solar in spite of the initial cost of installation. It can help the Earth and your finances. Additionally, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Swarthmore

If you're considering making the switch to solar energy, various government incentives and subsidies can greatly lower the installation costs and speed up the return on your investment. When you install a solar panel system on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there may often be some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. The table below shows you the incentives you can find in Swarthmore.

Environmental Impact of Switching to Solar in Swarthmore

Replacing nonrenewable energy with solar power is a good way to do what you can for a more eco-friendly future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Swarthmore, though. Your energy usage is an important factor to keep in mind. The more energy your home uses, the bigger your impact when you switch to solar energy. Even though solar panel production emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Swarthmore, you can reduce your carbon footprint by 60 pounds a year with solar panels. The perks of solar power are abundant — just like solar power is! That's why so many people have been happy with committing to solar.