15 Best Solar Companies in Cortlandville, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Cortlandville

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. Some main factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time are:

• The cost of electricity in your area: If your local energy rates are high, there's a better chance you'll have a higher return on your investment in a solar system. In Cortlandville, you can save an average of $52 a month on your electricity bills.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• 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. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• How much power your household needs: If your family needs to use a lot of energy, you'll benefit more from installing solar panels.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, like the size of your house and incentives.

Solar Incentives in Cortlandville

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. The table below shows you the incentives you can benefit from in Cortlandville.

Environmental Impact of Switching to Solar in Cortlandville

A lot of people want to do their part for the planet, which for many is the primary reason they're interested in installing a solar system. But you may be curious — how much exactly can you help the planet by using solar power? A significant thing to be mindful of is your overall carbon footprint. For example, if your commute is very long, your footprint may be bigger, so adopting solar power for your home can help offset that. Once you go solar, your carbon footprint can be lowered by about 20 pounds each year. Since solar energy is renewable and produces electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help the planet.