16 Best Solar Companies in Chenango, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Chenango

Even though solar panels can save you a decent chunk of change on energy over time, it's necessary to consider the startup costs. There are several factors you should consider when trying to determine the overall cost and how much you can save, such as:

• How much energy your home consumes: Households that consume a lot of electricity each month may need more solar panels and, therefore, more upfront cost, but will also save more on their energy bills over time.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• Your income and budget: This guides what type of solar panels you can buy.
• How much you spend on energy: 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.

Solar is a rewarding investment for most homeowners. You can generate your own energy instead of paying for it from a utility company and take advantage of solar incentives, all while helping preserve the environment.

Solar Incentives in Chenango

Because solar power is a cleaner source of energy than fossil fuels, there are a number of government incentives available to encourage its adoption. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. For comprehensive information about incentives for homeowners in Chenango, check out the table below.

Environmental Impact of Switching to Solar in Chenango

One of the most compelling reasons to embrace solar power is to decrease your dependence on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. Something many homeowners might be asking themselves is how much can they really help protect the environment by switching to solar power anyway? If your home uses a lot of energy, you can help the environment even more by switching to solar power. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. The good things about solar power are plentiful — just like solar power is! That's why so many people have been happy with making the switch to solar.