9 Best Solar Companies in Canastota, NY (Jul 2022 Review)

The Cost and Benefits of Solar in Canastota

For a lot of homeowners, the decision to invest in solar energy boils down to the cost. Some important factors that influence how much it will cost to install a solar panel system on your home and how much it could save you over time include:

• Typical energy usage: The more electricity your household consumes on average and the higher your current electricity bills are, the more likely you'll benefit from going solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total installation cost, your state or 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 $13,000 over 20 years with your solar panels, too.
• How much you spend on energy: The average family in Canastota spends around $620 a year on home energy use alone, so you could end up with that much in savings.
• The type and model of solar panels you want to get: More efficient panels are more costly, so that will shape your budget for your solar project.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, like the size of your solar panel system and incentives.

Solar Incentives in Canastota

One of the great things about installing a solar panel system is earning federal and potentially state incentives. These incentives mostly consist of cash rebates, tax breaks and/or solar renewable energy credits. They can reduce the cost of going solar by 26 to 50% in some cases. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Canastota

An important reason so many are considering switching to solar power is to help bring down their environmental impact. A question many might be wondering about is how much can they really help save the environment by going solar anyway? Switching to solar power is a great choice for the environment, because the biggest source of greenhouse gas emissions in the country is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 20 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.