Golden, Colorado, is renowned for its sunny weather and outdoor lifestyle. The city gets an average of 245 sunny days per year, which means Golden is a perfect location for installing solar panels. Going solar can benefit your home in numerous ways, including reducing your carbon footprint, saving money on electricity bills, and increasing your property value.
- Reduce your energy costs: By installing solar panels, you can save money on your monthly energy bills. The sun provides free energy, and by harnessing its power, you can reduce your dependence on the grid. On average, a home with solar panels can save up to $1,500 per year on energy bills. With Colorado’s net metering policy, any excess electricity you generate can also be sold back to the grid, resulting in credits on your bill.
- Boost your property value: Installing solar panels can boost the value of your home. Solar homes in Colorado have a resale value of 4.1% more than those without solar. A recent study by the Lawrence Berkeley National Laboratory found that homes with solar panels sell for $4.00 per watt more than those without. This means a 6-kilowatt solar system can add up to $24,000 to your property value.
- Reduce your carbon footprint: Colorado is committed to reducing its carbon emissions, and installing solar panels can help homeowners play their part. Generating energy from the sun is a clean, renewable way to power your home. Solar panels produce no emissions or pollutants and have no negative impact on the environment. According to knowledgeable solar contractors, by installing solar panels, you can reduce your carbon footprint and help combat climate change.
- Protect against rising electricity costs: The cost of electricity has increased by 25% in the last decade in Colorado. Solar panels protect against these escalating prices. By producing your energy, you are less affected by the fluctuations of the electricity market. Over time, as the cost of the grid continues to grow, your savings on electricity will only increase.
- Enjoy Federal Tax Credits: The Federal government provides a tax credit of 26% of the total cost of installing solar panels on your home. This means that if your system costs $10,000, you will receive a tax credit of $2,600. The tax credit applies to both new and existing homes and can be claimed by leasing or purchasing solar panels.
Going solar is an investment that pays off in the long run and benefits both the environment and your wallet.