16 Best Solar Companies in Greenfield, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Greenfield

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to set up your panels. There are several factors you should take into consideration when trying to determine costs and your potential savings, including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $13,000 over 20 years with your system, too.
• The cost of energy for you: If your local power rates are high, there's a better chance you'll get a higher return on your investment in solar panels. In Greenfield, you can save an average of $53 a month on your electricity bills.
• Your income and budget: This shapes what model of solar panels you can afford.
• Energy consumption: Solar may be an expensive option for families that don't need a lot of energy per month.

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

Solar Incentives in Greenfield

Although installing solar panels is typically a big investment, it can save you a substantial amount of money over many years because of lower power bills and government incentives. On top of the federal solar investment tax credit, there are also some state- and city-level programs, which in the majority of cases, stack with the federal incentive, so you get to save even more. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Greenfield

If you're thinking of adding solar panels to your home, one of the major reasons why may be to reduce your carbon dioxide emissions. But — how much exactly can you help the planet by going solar? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In Greenfield, the average resident can lower their carbon footprint by 20 pounds a year after going solar. The benefits of solar power are abundant — just like solar power is! That's why so many Greenfield residents have been happy with making the switch to solar.