16 Best Solar Companies in Beacon, NY (2023 Reviews)

The Cost and Benefits of Solar in Beacon

While solar panels can save you a decent chunk of change on energy over time, it's important to take into consideration the startup costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $19,000 over the first 20 years with your system, too.
• Choice of solar panels: The type of solar panels you choose 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 space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• average energy usage: The more power your household uses on average and the steeper your current power bills are, the more likely you'll benefit from switching to solar.
• How much energy costs for you: If your local energy rates are high, there's a good chance you'll get a higher return on your investment in solar panels. In Beacon, you can save an average of $73 a month on your electricity bills.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, including the angle of your roof and your local electricity rates.

Solar Incentives in Beacon

There are many reasons why going solar is a great investment. One of them consists of some government incentives that can help save you some money. There are a lot of federal, state and local rebates and tax credits that earn anywhere from 30% to 50% of your money back after paying for solar panels. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Beacon

Replacing nonrenewable energy with solar power is a great way to do what you can for a more sustainable future. But — how much exactly can you help the planet by going solar? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 20 pounds each year. Since solar power is renewable and produces electricity without CO2 emissions, installing solar panels is one easy step you can take to help the planet.