10 Best Solar Companies in Geneva, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Geneva

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to install your panels. 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 such as:

• Your current power bills: Solar panels can significantly reduce, or totally eliminate, your utility bills. In Geneva, you can save an average of $49 a month.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Plus, you can save about $12,000 over 20 years on your utility bills, without incentives.
• Energy consumption: Installing a solar system may be too steep of an option for households that don't need too much energy a month.

There are lots of wonderful benefits of solar in spite of the initial cost of installation. It can help the planet and your wallet. In addition, it can increase the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Geneva

There are many good reasons why you should switch to solar. One of them consists of some government incentives you can take advantage of. State and city solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. For comprehensive information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Geneva

There are tons of reasons to make the switch to solar energy, like saving on electricity bills and helping to reduce your carbon footprint. You may be asking yourself — how much does going solar help the environment anyway? Something that can severely affect your carbon footprint is how long your commute is and how much you drive altogether. If you install solar panels and have an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. In Geneva, the average household can reduce their carbon footprint by 20 pounds a year once they go solar. If you want to do what you can for the environment, you'll most likely recognize that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.