15 Best Solar Companies in Broadalbin, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Broadalbin

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to set up your system. The overall price and potential savings vary depending on a few key factors such as:

• How much energy your home consumes: Households that use a lot of power each month may call for more solar panels and, therefore, be more expensive, but will also benefit more over time.
• 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can give you an average of $14,000 of savings over 20 years.
• How much energy costs for you: The typical family in Broadalbin shells out around $650 a year on home energy use alone, so you could end up with that much in savings.

There are lots of great benefits of solar even with the upfront cost of installation. It can help the environment and your finances. Additionally, it can increase the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Broadalbin

In an effort to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can benefit from to further save. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Broadalbin

There are a few main reasons why many people want to invest in solar energy: for the financial and environmental benefits. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Broadalbin, though. The more energy your household uses, the better off the planet will be when you switch to solar since you won't have to rely on traditional energy sources as much. Although making solar panels emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Broadalbin, you can reduce your carbon footprint by 20 pounds a year with solar panels. Since solar power is plentiful and generates electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help the environment.