Solar energy has become an increasingly popular and affordable option for homeowners. As we move towards a more sustainable future, it's becoming increasingly important to consider alternative energy sources for our homes. Solar energy is one such option that has been gaining popularity over the years. Not only is it an eco-friendly choice, but it can also lead to significant cost savings in the long run. In fact, according to the U.S. Department of Energy, installing solar panels on your home could reduce your electricity bills by up to 50%. With these benefits and more, let's dive into why switching to solar energy may be the best decision you make for your home and wallet.

Save money on your energy bill

One of the biggest benefits of solar energy is the ability to drastically reduce monthly energy costs. With solar panels, homeowners can generate their own electricity and use it to power their homes, leading to long-term savings. Many homeowners can recoup their initial investment in solar within just a few years of installation.

Reduce your carbon footprint

Using solar energy can also have a positive impact on the environment. Solar panels generate electricity without producing greenhouse gas emissions, which can help to lower overall carbon emissions. Additionally, using solar energy reduces our dependence on non-renewable energy sources like coal and oil.

Increase your home's value

Installing solar panels can also increase the value of your home. Many potential homebuyers are attracted to the idea of a home that generates its own electricity and may be willing to pay a premium for this feature.

Take advantage of tax incentives and rebates

Homeowners who switch to solar energy can take advantage of various tax incentives and rebates. For example, the federal government offers a tax credit that can cover up to 26% of the cost of a solar panel system. Additionally, many states and local governments offer rebates and incentives for homeowners who switch to solar.

There are several tax incentives and rebates available in Colorado and Denver for homeowners who install a residential solar panel system on their homes. In Denver, the city offers a property tax exemption for the added value of the solar panel system to the home. This means that homeowners won't have to pay increased property taxes due to the installation of the solar panel system.

There are also several rebates available to homeowners in Denver, such as the Xcel Energy Solar* Rewards rebate program, which offers a cash rebate for solar panel system installations. The rebate amount varies depending on the size of the system and the amount of electricity it generates. Additionally, there is no sales tax on the purchase of solar panels and equipment.

Overall, these tax incentives and rebates can significantly reduce the cost of installing a residential solar panel system, making it a more accessible and affordable option for homeowners in Colorado and Denver. Consult your current local, Colorado, and Federal rebates and incentives as they may have changed since the writing of this article.

Partner with a reliable solar company

When making the switch to solar, it's important to work with an experienced and reliable solar company. Go Green Electric is a full-service solar company that can provide installation, maintenance, and repair services to homeowners.

Make the switch

Switching to solar energy can provide a wide range of benefits for homeowners, from long-term savings on energy costs to a reduced carbon footprint and increased home value. With a wide range of benefits including tax incentives, and increased property value there has never been a better time to make the switch. So why not take the first step today? Contact our team at Go Green Electric today about how you can start enjoying the many benefits of solar energy.

Call us for more information at (303) 731-5198 or Request a FREE quote