18 Best Solar Companies in Woods Cross, UT (Feb 2023 Review)

The Cost and Benefits of Solar in Woods Cross

The cost of installing solar panels has decreased immensely over the past few years, but it's still a large investment for most homeowners. The cost and possible savings vary depending on a few important factors such as:

• The amount of sunlight your home gets: Due to Woods Cross' very high amount of average daily sunlight, you should be able to save a lot on your power bills.
• Your current electricity bills: Solar panels can substantially decrease, or entirely eliminate, your utility bills. In Woods Cross, you can save an average of $82 a month.
• How much power your household consumes: Households that consume plenty of power each month may call for more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $18,000 over the first 20 years with your system, too.

Solar is a valuable investment for most homeowners. You can make your own electricity instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping preserve the planet.

Solar Incentives in Woods Cross

If you're thinking about making the switch to solar energy, a variety of government incentives and solar rebates can drastically bring down the cost of the project and expedite the return on your investment. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. For comprehensive information about incentives for homeowners in Woods Cross, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Woods Cross

A lot of people want to do their part for the planet, which in many cases is the chief reason for installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Woods Cross, though. The more power your household uses, the better off the planet will be if you switch to solar since you won't need to burn as many fossil fuels. In Woods Cross, the average household can reduce their carbon footprint by 60 pounds a year after going solar. As you can see, going solar has so many other perks outside of saving money. One of the most important ones is that you can help save the environment too.