15 Best Solar Companies in Santa Fe, TX (Mar 2023 Review)

The Cost and Benefits of Solar in Santa Fe

The cost of putting up a solar panel system has gone down immensely in the past several years, but it's still a significant investment for most homeowners. A few important factors that determine the cost of installing solar panels on your home and how much it could save you over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $21,000 over 20 years with your system, too.
• average energy usage: The more electricity your household consumes on average and the higher your current electricity bills are, the more likely you'll benefit from making the switch to solar.
• Average daily sunlight: Since Santa Fe gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• System size and type: Some models are more expensive than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

Although a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Santa Fe

To increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. In addition to the federal solar investment tax credit, there are also some state- and city-level programs, which in most cases, stack with the federal incentive, so you can save even more. Take a look at our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Santa Fe

A lot of people want to do their part to help the planet, which in many cases is the prime motivation to install a solar system. You may be curious — how much do solar panels do for the planet anyway? In a city like Santa Fe where energy use is particularly high, making the switch to solar power is a great plan for those who care about the planet. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. Since solar power is plentiful and produces electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help protect the environment.