12 Best Solar Companies in Dunkirk, NY (Jan 2023 Review)

The Cost and Benefits of Solar in Dunkirk

The cost of installing solar panels has decreased greatly over the past several years, but it's still a large investment for most homeowners. A few main factors that influence the cost of installing a solar panel system on your home and how much money you could save over time are:

• How much electricity your household consumes: Households that consume plenty of electricity each month may require more solar panels and, therefore, be more costly, but will also enjoy more savings over time.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your energy bills: This will affect your savings. In Dunkirk, the average homeowner can save about $650 a year on their electricity bills.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can lead to an average of $13,000 of savings over 20 years.

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

Solar Incentives in Dunkirk

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar more affordable and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Dunkirk.

Environmental Impact of Switching to Solar in Dunkirk

If you're thinking of adding solar panels to your home, one of the primary reasons why may be to reduce your carbon dioxide emissions. But you may be curious — how much exactly can you help the environment by using solar power? The amount of energy you use is a key factor to think about. The more electricity your household consumes, the bigger your impact when you switch to solar energy. Though making solar panels releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used nonrenewable energy. In Dunkirk, you can reduce your carbon footprint by 20 pounds a year with solar panels. Since solar energy is plentiful and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help preserve the environment.