11 Best Solar Companies in Upper Moreland, PA (Oct 2022 Review)

The Cost and Benefits of Solar in Upper Moreland

Even though solar panels can save you money on power bills over time, it's important to know the upfront costs. There are several factors you should consider when trying to determine the overall cost and how much you can save, such as:

• Your household's power bills: Based on the fairly high monthly energy bills in Upper Moreland, you could save about $1,100 a year with solar.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panel system won't be able to make as much energy, which will give you lower savings on electricity bills than a house with a roof that gets a lot of sunlight.
• Your income and budget: This determines what type of solar panels you can get.
• Incentives: Something that can reduce the cost of 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 on your power bills, which can generate an average of $15,000 of savings over 20 years.

Solar is a rewarding investment for most homeowners. You can make your own electricity instead of paying for it from the grid and make use of solar incentives, all while helping preserve the Earth.

Solar Incentives in Upper Moreland

If you're planning on switching to solar power, a number of government incentives and tax credits can greatly reduce the cost of the project and expedite the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. For detailed information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Upper Moreland

A lot of people want to do their part to help save the planet, which for many is the chief reason they're interested in installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Upper Moreland, though. In a place like Upper Moreland where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from driving a lot. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. If you want to do what you can for the environment, you'll most likely find that there are many good things about adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is priceless.