16 Best Solar Companies in Hector, NY (Jan 2023 Review)

The Cost and Benefits of Solar in Hector

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to install your system. Some main factors that affect how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• How much energy costs for you: The average household in Hector pays around $590 a year on power alone, so you could gain that much in savings.
• Choice of solar panels: The type of solar panels you are interested in getting 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.
• Electricity consumption: The average home in Hector doesn't use much energy, and as a result may not see as many savings on their power bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $12,000 over 20 years with your system, too.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, such as the size of your house and your current power bills.

Solar Incentives in Hector

There are several reasons why you should switch to solar. One of them involves some government incentives that can save you money. On top of the federal tax credit incentive, there are also some state- and city-level benefits, which in the majority of cases, stack with the federal incentive, so you get to save even more. For detailed information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Hector

One of the reasons so many people consider installing solar panels is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hector, though. One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 20 pounds each year. If you want to do your part for the environment, you'll most likely find that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.