17 Best Solar Companies in Hyde Park, UT (Nov 2022 Review)

The Cost and Benefits of Solar in Hyde Park

When deciding on a solar company, most homeowners or business owners worry about the costs above all. Some significant things that affect the cost and possible savings include:

• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panel system won't be able to generate as much energy, which will leave you with lower savings on electricity bills than someone with a roof that gets lots of sunlight.
• Your current power bills: Solar panels can significantly lower, or completely eradicate, your utility bills. In Hyde Park, you can save an average of $83 a month.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your utility bills, which can generate an average of $18,000 of savings over 20 years.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Hyde Park

There are a lot of reasons why going solar is a great investment. One of them consists of some government incentives you can take advantage of. On top of the federal tax credit incentive, there are also some local programs, which in almost all cases, stack with the federal incentive, so you can save even more. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Hyde Park

There are a few big reasons why many people are considering solar energy: to help their wallet and the environment. But how much can switching to solar actually affect the environment? The more energy your house uses, the better off the planet will be when you switch to solar as you won't have to rely on traditional energy sources as much. After you go solar, your carbon emissions can be reduced by about 60 pounds each year. If you want to do your part for the environment, you'll likely recognize that there are many benefits of adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.