15 Best Solar Companies in Farmingdale, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Farmingdale

We understand that for many homeowners, the decision to invest in solar depends on installation costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. Additionally, you can save about $22,000 over 20 years on your utility bills, not including incentives.
• Your power bills: This will influence how much you can save. In Farmingdale, the average homeowner can save about $900 a year on their electricity bills.
• Your income and budget: This determines what type of solar panels you can purchase.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panel system won't be able to produce as much energy, which will give you lower savings on electricity bills than a roof that gets plenty of sunlight.

Due to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Farmingdale

Since solar power is more sustainable than fossil fuels, there are various government incentives available to encourage people to make the switch. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city incentives. Take a look at our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Farmingdale

There are lots of reasons to make the switch to solar power, like saving some money on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Farmingdale, though. The average person has a rather large carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions each year, and powering their home, it can be overwhelming to think about what to do. Switching to solar is one of the easiest things you can do to help. In Farmingdale, the average household can lower their carbon footprint by 100 pounds a year once they go solar. As you can see, investing in solar has so many other perks besides saving money. One of the primary ones is that you can help save the planet too.