17 Best Solar Companies in Galeville, NY (2023 Reviews)

The Cost and Benefits of Solar in Galeville

Although solar panels can save you a good amount of money on utility bills over time, it's necessary to consider the upfront costs. A few key factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time are:

• The cost of energy for you: If your local utility rates are high, there's a better chance you'll get a higher return on your investment in a solar panel system. In Galeville, you can save an average of $54 a month on your electricity bills.
• The type of solar panel system you can buy: This is dependent on how much you're willing to invest upfront.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• Electricity consumption: The average household in Galeville doesn't use much energy, and therefore may not see as many savings on their power bills.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, including the size of your solar panel system and your current power bills.

Solar Incentives in Galeville

If you're planning on making the switch to solar energy, various government incentives and tax credits can immensely bring down the installation costs and expedite the return on your investment. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some local incentives that you can use to further save. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Galeville

If you're planning on adding solar panels to your home, one of the main reasons why may be to lower your reliance on nonrenewable energy. But how much can installing solar panels actually affect the environment? An important thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be bigger, so adopting solar power for your home can help offset that. When you go solar, your carbon dioxide emissions can be cut by about 20 pounds every year. If you want to do your part for the environment, you'll most likely find that there are many benefits of adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.