16 Best Solar Companies in Elmsford, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Elmsford

Even though solar panels can help save you a good amount of money on electricity bills over time, it's important to consider the upfront costs. There are a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, such as:

• Your power bills: This will impact your savings. In Elmsford, the average homeowner can save about $1,300 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Additionally, you can save about $30,000 over 20 years on your utility bills, not including incentives.
• The type of solar panels you can purchase: This hinges on how much you're willing to spend upfront.
• How much energy you use: If your household uses a lot of energy, you'll benefit more from going solar.

There are lots of good benefits of solar despite the initial cost of installation. It can help the Earth and your wallet. In addition, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Elmsford

Since solar power is better for the environment than traditional energy sources, there are a number of government incentives in place to encourage its adoption. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially use the ITC with other state and city rebates and benefits. Take a look at the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Elmsford

One of the most compelling reasons to adopt solar power is to cut your dependence on traditional energy sources like burning fossil fuels, which are destructive for the environment. But — how much exactly can you help the environment by going solar? One thing that can dramatically influence your carbon footprint is your commute time and how much you drive altogether. If you install solar panels and have an electric car, you can vastly reduce your carbon dioxide emissions by charging your car at home. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. The benefits of solar power are plentiful — just like solar power is! That's why so many people have been happy with making the switch to solar.