18 Best Solar Companies in Hanover, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Hanover

Even though solar panels can help save you a decent chunk of change on electricity bills over time, it's necessary to know the upfront costs. Some significant things that influence how much it will cost and how much you could save include:

• Your current energy bills: Solar panels can substantially decrease, or completely eliminate, your utility bills. In Hanover, you can save an average of $53 a month.
• Your energy consumption: If your home needs to use a lot of energy, you'll benefit more from installing solar panels.
• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.

There are several great benefits of solar even with the upfront cost of installation. It can help the planet and your finances. Plus, it can raise the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Hanover

In order to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more economically viable and accessible. These incentives typically consist of cash rebates, tax breaks and/or solar renewable energy credits. They can cut how much you pay for going solar by 30%, upwards of 50% depending on where you live. Check out our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Hanover

There are tons of reasons to trade traditional energy for solar power, like saving some money on utility bills and helping to lower your carbon footprint. Something many might be wondering about is how much can they really help preserve the environment by switching to solar power anyway? The amount of energy you use is a key factor to consider. The more electricity you use, the greater your impact when you switch to solar energy. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 20 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.