Wise homeowners in Littleton, CO aren't one to follow trends. However, market reports indicate that many homeowners intend to use solar panel technologies to boost their property's energy-saving capabilities. However, as an experienced solar panel installation team in Littleton, CO, we can say that solar panel installations are initially expensive but can give you huge savings in the future.
Currently, a full-fledged residential solar panel capable of powering an entire home's demand sits at S $20,000-S $40,000, which amounts to buying a new property with advanced insulation and energy-saving capabilities. Thanks to tax incentives and energy returns, you can get enormous returns on your go-green, power-saving roofs.
If you're not from Littleton, CO, the best way to determine your solar roofing costs is to call a professional panel installation team. In doing so, they can brief you about the overall costs involved from materials to labor, allowing you to make the most accurate estimates possible. Always expect that solar tech prices can vary depending on your location. For Littleton, CO homeowners, it's typically around S $30,000 inclusive of labor.
CNet has a great article on solar panel installations and the total possible costs homeowners will deal with. Read more about it below.
Are solar panels really worth it?
A payback period is the amount of time it takes for you to earn back your initial investment. Solar panels can help you save enough money on your energy bills over time to offset the upfront costs. How much you save per month depends on the size of your solar system, your home's energy consumption and other factors.
Calculating the payback period will be unique to your circumstances due to the variability of the upfront costs, as well as the difference in energy costs based on your location. But here are some guidelines to help you estimate when you will break even.
Find out your upfront costs
First, you need to estimate how much your initial investment will be. Along with the system costs, you should include potential installation costs and other fees as part of setting up your service. Check cost estimates in your area and go from there.
Tax incentives can help a lot
Homeowners can receive a one-time tax credit of 26% off the purchase price of a solar system. If the initial solar panel investment typically costs around $20,000 in your area, the tax credit would net you $5,200 when you next file your taxes.
What's more, some utilities offer incentives and rebates for installing solar power. Check with your local energy supplier to see if they offer any incentives.
You need to know how much you pay on your electric bill
This estimate assumes you will get all of your power from solar. While some homes will be able to get 100% of their electricity from solar, or even sell some surplus energy back to the grid, others will still have an electric bill to supplement usage. This will vary widely from home to home, depending on how many solar panels are installed, normal energy consumption and more. Get more tools to calculate your home's potential savings here. (Continued)
If you have yet to find a dependable roofing company with solar panel installation capabilities, you can always trust us at Roper Roofing and Solar. Contact us today to learn more about everything that we can do for you.
