If you live in Colorado, then chances are that you’ve heard about the benefits of installing solar panels. But exactly how much do solar panels cost? That answer depends on a variety of factors, such as home size, electricity usage, and who you choose to install the panels. Fortunately, payment plans and rebates can make going solar an affordable option for homeowners across all socio-economic backgrounds.
Perks of Solar Panel Installation
While installing a solar panel system certainly isn’t cheap upfront, numerous long-term benefits make it worth the investment. For starters, switching to solar energy can reduce or eliminate your electricity bill altogether—meaning significant money saved over time! It also reduces greenhouse emissions by relying on clean energy sources instead of fossil fuels like coal and oil, which contribute heavily to climate change.
Installing a solar panel system is also a great way to increase the value of your home or business. Solar homeowners who elect to get a new roof and solar panels often see an extension of the life of their roof because most solar panels have a longer life span than traditional asphalt roofs.
The Installing Process & Cost Estimation of a Solar Panel System
When it comes to solar installation, several factors affect the total cost of the project. First and foremost is evaluating your average electricity costs. This will dictate the size of your solar panel project. Generally speaking, solar panel installation costs will be larger based on how many panels you need for your home or business.
In order to get an accurate cost estimate for your project, it’s best to consult with certified Colorado solar providers. They can assess your needs and recommend options that fit within your budget. Plus, many companies offer financing programs and other payment options designed to make going solar more accessible for everyone.
Important Rebates to Consider Toward Your Solar Panels’ Cost
While solar installers have been knocking on doors across the nation for years, residents of the Centennial State have the most to gain from a solar system. With nearly 300 days of sun a year, the opportunity to save money and reduce your carbon footprint with solar power is unrivaled. The opportunities don’t end there, though.
Net Metering Program
Colorado is one of many states that offer net metering to their solar panel users. Net metering connects your solar energy setup to a public-utility power grid of other renewable sources. If any excess energy is generated by your setup and left unutilized, it can be sold back to the grid for credits that can subsequently offset future utility bills. Consider asking your solar panel installer for their experiences working with your utility company in this area.
EnergySmart Colorado is an incredible central resource for those pursuing a greener life with solar panels. Homeowners gain easy access to this data by searching through the lists for their county and energy company.
For example, following the site to Boulder’s EnergySmartYes.com showcases that “individual housing units owned and occupied by low-to-moderate income-qualified residents within Boulder city limits” can qualify for grants. Professional solar providers will be upfront to help you through these processes to make purchasing solar panels a breeze.
Federal and State Incentives
Those that have been riding the fence on solar panels were happy to hear that Congress extended the federal solar tax credit through 2032. This enables homeowners who own their Golden solar energy system to have a 30% tax credit when installed on the property they own within the next ten years. But why wait?
Harnessing nature’s free source of energy – sunlight – has never been easier than it is today with all these amazing incentives available in Colorado! Colorado knows that solar panel costs might deter homeowners from switching to renewable energy, which is why they offer the Colorado Solar Property Tax Exemption. The combination of federal tax credits, state tax exemptions, and localized offers can often provide substantial motivation when switching to cleaner energy sources.
Solar Panels Cost More Than Your Money
Sourcing an experienced and certified solar panel installer is the first step in getting you to energy independence. Solar by Peak to Peak knows that a solar panel cost is only worth it when the process is feasible for homeowners and their families.
Our team will walk you through how a solar panel costs more than just money. Solar power can provide peace of mind amid rapid weather changes and a sense of fulfillment by reducing your carbon footprint. So why not take advantage of these perks today? Install solar panels with Solar by Peak to Peak!