15 Best Solar Companies in Murray, UT (2023 Reviews)

The Cost and Benefits of Solar in Murray

Even though solar panels can save you a good amount of money on electricity bills over time, it's necessary to know the startup costs. The overall price and potential savings vary depending on a few key factors such as:

• Your power bills: This will impact how much you can save. In Murray, the average homeowner can save about $950 a year on their 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 incentives and rebates that you can take advantage of. Plus, you can save about $17,000 over 20 years on your utility bills, without incentives.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• How much energy your home consumes: Households that consume plenty of power each month may call for more solar panels and, consequently, be more expensive, but will also enjoy more savings over time.

So is a solar panel system worth it? Whether you're trying to decrease your electricity costs, carbon dioxide emissions or both, solar panels are a solid investment for many Murray homeowners.

Solar Incentives in Murray

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 economically viable and accessible. Local solar incentive programs vary by location and, sometimes, utility company. Many states offer rebates for solar panels, in addition to the federal solar tax credit. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Murray

There are a few primary reasons why people are interested in solar energy: for the financial and environmental benefits. But — how much exactly can you help the environment by using solar power? In Murray, where the energy generation could be cleaner, going solar can have a big impact on the environment since solar power is an abundant source of clean energy. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.