Benefits of Solar Energy
Solar energy offers multiple advantages. Here are some highlights.
- Reduced carbon footprint: The sun is one of the universe's most abundant clean energy sources, meaning you can reduce or eliminate your home's dependence on fossil fuels.
- Better energy independence: Adding a battery backup or storage system lets you have dependable energy during storms and grid outages.
- Lowered energy bills: With solar panels, you generate power without paying the tacked-on costs of grid-connected power. You can eliminate your bills completely if you go off-grid. Plus, a significant amount of states offer net metering, which permit you to earn money by selling your unused energy back to the grid.
What Solar Incentives Are Available to Butte Homeowners?
Montana homeowners who choose solar could qualify for rebates, special financing, tax credits and reimbursements. Here are just a few of the area's incentive programs.
Incentive Type: Property Tax Incentive
Website: oregon.govIncentive Amount:
100%
Incentive Type: Personal Tax Credit
Incentive Amount:
100%
Incentive Type: Rebate Program
Website: northwesternenergy.comIncentive Amount:
See program website for details.
Incentive Type: Loan Program
Website: deq.mt.govIncentive Amount:
$40,000
Incentive Type: Personal Tax Credit
Website: deq.mt.govIncentive Amount:
100%
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Butte
Choosing a company is the first step toward an effective and cost-efficient solar system. Make your choice based on the following essential elements.
Licensing and Training
Solar jobs in Montana need a licensed electrician under either of three circumstances: if the system is connected to a utility grid, if your locality requires a licensed electrician install the panels, or if the system is rated for over 90 volts. For solar water heating systems, you'll need a master plumber to do the job no matter your panels' capacity. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar industry's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Butte
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
If you'd like to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for add-ons. By choosing the right components, you can make your panel array more effective and convenient to use. Not every solar contractor offers these add-ons, so look for a contractor that installs them if it's essential for you.
If you're a resident of Butte and are looking into a five-kilowatt solar energy system, you could plan to spend about $17,350 for materials and labor. Find more information on specific component and solar panel costs in the table.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,197 |
Solar Polycrystalline | $933 |
Thin-Film | $546 |
Solar Battery | $766 |
Solar Home EV Charger | $2,872 |
Financing Solar Energy in Butte
Solar companies use multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar leases, power purchase agreements (PPAs), cash payments and solar loans. We suggest making a cash payment or using a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar panel incentives to minimize your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases allow you to pay a monthly fee to rent your panels, while a PPA lets you pay a fluctuating rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be appropriate in certain circumstances. Look for contractors that offer two or more payment plans to find the right fit for your wallet.
The table below lists the average payback periods for different capacities of solar systems in Butte.
You can claim a 26% federal solar tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, local governments and utilities may have their own rebates and financing plans that could reduce your total cost even more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.4 years |
2 kW | 4.8 years |
5 kW | 12.0 years |
10 kW | 24.0 years |
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Frequently Asked Questions About Solar in Butte
How much energy and money could I save per year by switching to solar?
How widespread is solar energy in Butte?
Should I anticipate a boost in my property value after adopting solar power?
How long will an average solar system last?
Is solar installation a fast job?
What size should my new Butte solar system be?
What is "net metering," and how does it work?
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