15 Best Solar Companies in Babylon, NY (Jul 2022 Review)

The Cost and Benefits of Solar in Babylon

We get that for many homeowners, the decision to invest in solar rests on installation costs. Some key things that affect the upfront cost and potential savings over time include:

• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• How much energy costs for you: If your local power rates are high, there's a better chance you'll get a higher return on your investment in a solar system. In Babylon, you can save an average of $75 a month on your electricity bills.
• Electricity consumption: The average home in Babylon doesn't use much energy, and therefore may not see as many savings on their power bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $22,000 over 20 years with your solar system, too.

There are lots of wonderful benefits of solar even with the initial cost of installation. It can help the Earth and your finances. Additionally, it can boost the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Babylon

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. In addition, there are often some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. The table below lists out the incentives you can take advantage of in Babylon.

Environmental Impact of Switching to Solar in Babylon

If you want to add solar panels to your home, one of the principal reasons why may be to lower your carbon dioxide emissions. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Babylon, though. One thing that can dramatically shape your carbon footprint is your commute time and how much you drive generally. If you go solar and have an electric car, you can significantly reduce your carbon dioxide emissions by charging your car at home. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. Since energy from the sun is plentiful and produces electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the planet.