15 Best Solar Companies in Spanish Fork, UT (2023 Reviews)

The Cost and Benefits of Solar in Spanish Fork

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to install your system. Some main factors that determine how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• Energy consumption: Installing a solar system may be too pricey an investment for families that don't consume a good amount of energy per month.
• Your power bills: This will dictate how much money you might save. In Spanish Fork, the average homeowner can save about $940 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. Plus, you can save about $17,000 over 20 years on your utility bills, not including incentives.
• Average daily sunlight: Since Spanish Fork 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 you can save on your energy bills.

Solar is a rewarding investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and take advantage of solar incentives and rebates, all while helping the environment.

Solar Incentives in Spanish Fork

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other local incentives. Take a look at our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Spanish Fork

There are a few important reasons why homeowners want to invest in solar energy: to put more money in their bank account and to help the planet. But how much can using solar energy instead of traditional energy actually affect the environment? If your home consumes lots of energy, you can impact the environment even more by switching to solar energy. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. The good things about solar power are abundant — just like solar power is! That's why so many Spanish Fork residents have been happy with committing to solar.