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

The Cost and Benefits of Solar in Coeymans

For many readers, the decision of which solar installer to choose depends on prices. There are a few factors you should take into consideration when trying to figure out costs and your potential savings, including:

• Typical energy usage: The more electricity your home consumes on average and the steeper your current electricity bills are, the more money you could save by switching to solar.
• The cost of energy for you: If your local energy rates are high, there's a better chance you'll end up with a higher return on your investment in solar panels. In Coeymans, you can save an average of $65 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. Plus, you can save about $17,000 over 20 years on your utility bills, without incentives.
• The type and model of solar panels you're planning on getting: More high-tech panels are more expensive, so that will shape your budget for your solar project.

There are many good benefits of solar even with the upfront cost of installation. It can help the environment and your finances. Additionally, it can boost the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Coeymans

One of the good things about installing a solar panel system is receiving federal and potentially state incentives. When you install solar panels on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can use to further save. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Coeymans

Many want to do what they can for the planet, which often is the chief motivation to install a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Coeymans, though. The amount of energy you use is a significant factor to consider. The more power your home uses, the larger your impact when you switch to solar energy. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 20 pounds each year. Since solar energy is abundant and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help the planet.