17 Best Solar Companies in Orem, UT (Mar 2023 Review)

The Cost and Benefits of Solar in Orem

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your system. The cost of solar and the savings it generates vary depending on a few key factors such as:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your home's orientation toward the sun: This, and your roof configuration, affects affect how much electricity your solar panels can make.
• How much energy costs for you: The typical family in Orem pays around $1,000 a year on electricity alone, so you could be looking at that much in savings.
• Your energy consumption: If your home uses a lot of energy, you'll benefit more from installing solar panels.

There are lots of good benefits of solar in spite of the upfront cost of installation. It can help the environment and your bank account. In addition, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Orem

One of the good things about installing a solar panel system is receiving incentives from the government. These incentives usually consist of cash rebates, tax breaks and/or performance-based incentives. They can reduce how much you pay for installing solar panels by 30%, upwards of 50% in some cases. In our article on solar incentives, you can see the incentives you qualify for in Orem.

Environmental Impact of Switching to Solar in Orem

There are a few important reasons why many people are considering solar energy: to help their wallet and the environment. You may be curious — how much does making the switch do for the planet anyway? The more power you use, the the more the environment will benefit when you switch to solar as you won't need to use as much nonrenewable energy. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. If you care about the environment, you'll most likely understand that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.