13 Best Solar Companies in Groton, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Groton

For many readers, the decision of which solar company to choose depends on costs. The overall price and potential savings vary depending on some important factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $13,000 over 20 years with your solar panels, too.
• Your power bills: This will dictate your savings. In Groton, the average resident can save about $620 a year on their electricity bills.
• average energy usage: The more electricity your home consumes on average and the steeper your current electricity bills are, the more benefits you'll see from making the switch to solar.
• The kind of solar panels you can afford: This hinges on how much you're willing to spend upfront.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Groton

Switching to solar power has plenty of considerable benefits. Not only can it help preserve the environment, but you can also save a decent amount of money on your installation with various government incentives. These incentives normally take the form of cash rebates, tax breaks and/or solar renewable energy credits. They can reduce how much you end up spending on going solar by 30%, upwards of 50% depending on your location. For comprehensive information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Groton

One of the most compelling reasons to adopt solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. Something many homeowners might be thinking about is how much can they really help protect the environment by switching to solar power anyway? If your home consumes lots of energy, you can have an even greater impact on the planet by switching to solar energy. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 20 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.