16 Best Solar Companies in Geneva, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Geneva

For lots of homeowners, whether or not to invest in a solar energy system comes down to the cost. The cost and possible savings vary depending on a few important factors such as:

• System size and type: Some models are more expensive than others, so the one you want 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, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• Your power bills: This will determine how much you can save. In Geneva, the average homeowner can save about $590 a year on their electricity bills.
• Your location: This affects how much sunlight your roof gets, which helps determine how many panels you need.

Thanks to solar panels now being cheaper than ever as well as several solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Geneva

One of the great things about installing a solar panel system is receiving incentives from the government. On top of the federal tax credit incentive, there are also some state- and city-level incentives, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. The table below gives you an idea of the incentives you can take advantage of in Geneva.

Environmental Impact of Switching to Solar in Geneva

One of the most compelling reasons to adopt solar energy is to decrease your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. A question many homeowners might be asking themselves is how much can they really help the environment by going solar anyway? In a city like Geneva where energy use is somewhat high, installing solar panels is a good idea for those who care about the planet. In Geneva, the average resident can reduce their carbon footprint by 20 pounds a year after going solar. If you care about the environment, you'll likely find that there are many good things about adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.