13 Best Solar Companies in Amenia, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Amenia

For most homeowners, whether or not to invest in solar panels depends the most on the cost. Some important things that determine how much it will cost and how much you could save include:

• Energy consumption: Installing a solar system may be a high-cost investment for homes that don't need a good amount of energy each month.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• How much energy costs for you: The typical family in Amenia pays around $740 a year on energy alone, so you could end up with that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $16,000 over 20 years with your solar system, too.

There are lots of good benefits of solar in spite of the initial cost of installation. It can help the Earth and your wallet. In addition, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Amenia

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over the lifespan of your solar panels because of reduced energy bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. For more information about incentives that apply to you, see the table below.

Environmental Impact of Switching to Solar in Amenia

If you want to add solar panels to your home, one of the principal reasons why may be to reduce your carbon dioxide emissions. Something many might be thinking about is how much can they really help the environment by switching to solar power anyway? Something that can drastically shape your carbon footprint is your commute time and how much you drive altogether. If you go solar and drive an electric car, you can greatly lower your carbon dioxide emissions by charging your car at home. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. If you want to do what you can for the environment, you'll no doubt recognize that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.