14 Best Solar Companies in Baldwin, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Baldwin

Although solar panels can help save you money on electricity bills over time, it's necessary to consider the upfront costs. There are a few factors you should consider when trying to determine costs and your potential savings, including:

• The amount of sunlight your house gets: Due to Baldwin's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• How much energy costs for you: The average family in Baldwin pays around $850 a year on home energy use alone, so you could be looking at that much in savings.
• Your income and budget: This shapes what model of solar panels you can afford.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can use. In addition, you can save about $21,000 over 20 years on your utility bills, not including incentives.

There are many wonderful benefits of solar despite the initial cost of installation. It can help the planet and your bank account. In addition, it can raise the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Baldwin

One of the good things about installing a solar panel system is earning incentives from the government. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. Take a look at our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Baldwin

Going solar can have a beneficial effect on the environment. But you may be wondering — how much exactly can you help by making the switch to solar? One thing that can dramatically influence your carbon footprint is your commute time and how much you drive in general. If you switch to solar power and have an electric car, you can greatly reduce your carbon dioxide emissions by charging your car at home. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.