15 Best Solar Companies in Chestnut Ridge, NY (Jan 2023 Review)

The Cost and Benefits of Solar in Chestnut Ridge

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your system. A few important factors that dictate the cost of installing solar panels on your home and how much money you could save over time are:

• The cost of electricity in your area: If your local power rates are quite high, there's a good chance you'll have a higher return on your investment in a solar system. In Chestnut Ridge, you can save an average of $90 a month on your electricity bills.
• Average daily sunlight: Since Chestnut Ridge gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $24,000 over the first 20 years with your system, too.
• The kind of solar panels you can purchase: This depends on how much you're willing to invest upfront.

There are lots of great benefits of solar in spite of the upfront cost of installation. It can help the planet and your wallet. In addition, it can raise the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Chestnut Ridge

One of the benefits of installing a solar panel system is earning federal and potentially state incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city incentives. For comprehensive information about incentives for homeowners in Chestnut Ridge, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Chestnut Ridge

One of the most compelling reasons to switch to solar energy is to decrease your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But you may be wondering — how much exactly can you help the environment by making the switch to solar? The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions each year, and powering their home, it can be overwhelming to figure out what to do. Installing solar panels is one of the easiest things you can do to help. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Chestnut Ridge, you can reduce your carbon footprint by 20 pounds a year with solar panels. As you can see, investing in solar has so many other perks beyond saving money. One of the major ones is that you can help save the planet too.