18 Best Solar Companies in Woods Cross, UT (Aug 2022 Review)

The Cost and Benefits of Solar in Woods Cross

The cost of putting up solar panels has dropped immensely in the past few years, but it's still a large investment for most homeowners. A few important factors that influence how much it will cost to install solar panels on your home and how much money you could save over time include:

• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 26% of the project cost. Your state may also have various incentives that you can benefit from. Additionally, you can save about $18,000 over 20 years on your utility bills, not including incentives.
• Your home's orientation toward the sun: This, plus how your roof is set up, affects affect how much power your solar panels can generate.
• How much energy your household consumes: Households that use plenty of electricity each month may require more solar panels and, therefore, be more costly, but will also enjoy more savings over time.
• Choice of solar panels: The type of solar panels you want 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 go with a higher number of more affordable panels.

So are solar panels worth it? Whether you'd like to lower your electricity costs, greenhouse gas emissions or both, solar panels are a good investment for many Woods Cross homeowners.

Solar Incentives in Woods Cross

Although a solar power system is typically a large investment, it can save you a lot of money over the lifespan of your solar panels due to lower utility bills and government incentives. These incentives mostly include cash rebates, tax credits and/or solar renewable energy credits. They can cut the cost of installing solar panels by 26 to 50% in some cases. The table below gives you an idea of the incentives you can take advantage of in Woods Cross.

Environmental Impact of Switching to Solar in Woods Cross

There are a few key reasons why many people are considering solar energy: to put more money in their bank account and to help the planet. You may be asking yourself — how much do solar panels help the environment anyway? How much energy you use is a key factor to think about. The more electricity your household consumes, the bigger your impact when you switch to solar energy. Since solar panels don't release CO2 emissions into the atmosphere when generating 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. Since solar energy is plentiful and generates electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help protect the environment.