18 Best Solar Companies in Bedford, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Bedford

For the majority of homeowners, the decision to invest in solar energy comes down to the cost. The cost of solar and the savings it generates vary depending on a few key factors such as:

• The type of solar panels you want to get: More efficient models are more costly, so that will shape your budget for your solar project.
• Your current electric bills: Solar panels can substantially decrease, or entirely eradicate, your utility bills. In Bedford, you can save an average of $80 a month.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 26% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• Electricity consumption: The average home in Bedford doesn't use much energy, and so may not see as many savings on their power bills.

So is buying solar panels worth it? Whether you'd like to reduce your energy bills, carbon dioxide emissions or both, solar panels are a solid investment for many Bedford homeowners.

Solar Incentives in Bedford

There are lots of reasons why going solar is a great investment. One of them consists of some government incentives that can save you money. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city rebates and benefits. For comprehensive information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Bedford

One of the most compelling reasons to switch to solar energy is to decrease your dependence on traditional energy sources like burning fossil fuels, which are harmful for the environment. Something many people might have in mind is how much can they really help protect the environment by going solar anyway? Going solar is an impactful choice for the environment, due to the fact that the greatest source of greenhouse gas emissions in the U.S. is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 50 pounds each year. As you can see, going solar has so many other benefits apart from saving money. One of the primary ones is that you can help save the environment too.