9 Best Solar Companies in Hanover, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Hanover

When choosing a solar company, most homeowners or business owners wonder about the costs above all. The cost of solar and the savings it generates vary depending on some key factors such as:

• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $13,000 over 20 years with your solar panels, too.
• Energy consumption: Installing solar panels may be too steep of an option for households that don't use too much energy per month.
• Your current electric bills: Solar panels can significantly lower, or completely eradicate, your utility bills. In Hanover, you can save an average of $53 a month.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Hanover

There are several reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. There are quite a few federal, state and local rebates and tax credits that can earn you some money back after paying for a solar panel system. The table below tells you about the incentives you can take advantage of in Hanover.

Environmental Impact of Switching to Solar in Hanover

Swapping traditional energy for solar is a powerful way to do what you can for a more sustainable future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hanover, though. In Hanover, where the energy generation could be cleaner, going solar can have a huge effect on the Earth since solar power has a lower carbon footprint. Though solar panel production emits carbon dioxide, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used traditional energy. In Hanover, you can reduce your carbon footprint by 20 pounds a year with solar panels. Since energy from the sun is renewable and produces electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help preserve the planet.