17 Best Solar Companies in Saratoga Springs, UT (Aug 2022 Review)

The Cost and Benefits of Solar in Saratoga Springs

For the majority of homeowners, whether or not you should invest in a solar energy system depends the most on the cost. There are quite a few factors you should consider when trying to determine costs and your potential savings, including:

• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panel system won't be able to produce as much energy, which will leave you with lower savings on power bills than a roof that gets plenty of sunlight.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 26% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Choice of solar panels: The kind 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Electricity consumption: The average home in Saratoga Springs uses a decent amount of, and so may save on their energy bills.

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

Solar Incentives in Saratoga Springs

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over time due to reduced energy bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other local rebates and benefits. Check out the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Saratoga Springs

One of the most compelling reasons to embrace solar energy is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. But you may be curious — how much exactly can you help the planet by using solar power? An important thing to think about is your overall carbon footprint. For example, if your commute is very long, your footprint may be larger, so adopting solar power for your home can help offset that. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Saratoga Springs, you can reduce your carbon footprint by 60 pounds a year with solar panels. For people who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.