16 Best Solar Companies in Westminster, VT (Jan 2023 Review)

The Cost and Benefits of Solar in Westminster

We understand that for lots of homeowners, the decision to invest in solar hinges on installation costs. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• The kind of solar panels you're planning on getting: More high-tech panels are more costly, so that will influence your budget for your solar project.
• Your household's power bills: Because of fairly high monthly energy bills in Westminster, you could save about $1,400 a year with solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total 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 $24,000 over the first 20 years with your system, too.
• Electricity consumption: The average household in Westminster uses a decent amount of, and consequently may save on their energy bills.

There are lots of great benefits of solar even with the upfront cost of installation. It can help the environment and your wallet. Additionally, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Westminster

Switching to solar power has plenty of great benefits. Not only can it help protect the environment, but you can also save a decent amount of money on your installation with various government incentives. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Westminster

There are a few big reasons why people are considering solar energy: for the financial and environmental benefits. But how much can installing solar panels actually help the environment? Switching to green energy for electricity in place of using nonrenewable energy is a great way to lower your carbon footprint if you're concerned about Westminster's fair level of greenhouse gas emissions. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 40 pounds each year. As you can see, using solar power has so many other perks besides saving money. One of the main ones is that you can help save the environment too.