16 Best Solar Companies in Chenango, NY (Jan 2023 Review)

The Cost and Benefits of Solar in Chenango

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to set up your system. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $12,000 on your electricity bills over 20 years excluding incentives.
• Your energy consumption: If your family uses a lot of energy, you'll benefit more from installing solar panels.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings 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.
• The cost of energy for you: If your local energy rates are high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Chenango, you can save an average of $49 a month on your electricity bills.

Because of solar panels decreasing in cost as well as local and federal solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Chenango

One of the great things about installing a solar panel system is earning federal and potentially state incentives. There are quite a few federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money in return after buying a solar panel system. For comprehensive information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Chenango

Installing solar panels is a powerful way to do what you can for a more environmentally-friendly future. Something many homeowners might be wondering about is how much can they really help the environment by switching to solar power anyway? In a city like Chenango where energy use is somewhat high, going solar is a fantastic idea for homeowners who want to do their part for the environment. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Chenango, you can reduce your carbon footprint by 20 pounds a year with solar panels. The great things about solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.