11 Best Solar Companies in Floyd, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Floyd

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your panels. A few important factors that influence the cost of installing a solar panel system on your home and how much it could save you over time include:

• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Your power bills: This will influence your savings. In Floyd, the average homeowner can save about $650 a year on their electricity bills.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to generate as much energy, which will give you lower savings on electricity bills than a house with a roof that gets a lot of sunlight.
• Incentives: Something that can save you money on 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 energy bills, which can lead to an average of $13,000 of savings over 20 years.

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

Solar Incentives in Floyd

If you're thinking about switching to solar power, a variety of government incentives and state programs can immensely reduce the installation costs and speed up the return on your investment. Local solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Floyd

Installing solar panels is a good way to do your part for a more eco-friendly future. But you may be curious — how much exactly can you help the planet by going solar? In a city like Floyd where energy use is somewhat high, going solar is a good plan for those who are eco-conscious. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Floyd, you can reduce your carbon footprint by 20 pounds a year with solar panels. As you can see, investing in solar has so many other perks outside of saving money. One of the most important ones is that you can help save the Earth too.