15 Best Solar Companies in Holtsville, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Holtsville

For many homeowners, whether or not you should invest in a solar energy system comes down to the cost. The overall price and potential savings vary depending on some key factors such as:

• The model of solar panel system you can purchase: This is dependent on how much you're willing to spend upfront.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your 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 $22,000 over 20 years with your solar panels, too.
• How much power your household needs: If your home uses a lot of energy, you'll reap more rewards from switching to solar.
• Your power bills: This will dictate how much you can save. In Holtsville, the average homeowner can save about $900 a year on their electricity bills.

Solar is a fruitful investment for most homeowners. You can produce your own energy instead of paying for it from the grid and make use of solar tax credits and rebates, all while helping protect the Earth.

Solar Incentives in Holtsville

In order to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more economical and accessible. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. Additionally, there may often be some local incentives that you can benefit from to further save. The table below lets you know about the incentives you can find in Holtsville.

Environmental Impact of Switching to Solar in Holtsville

Installing solar panels can have a beneficial effect on the environment. But you may be curious — how much exactly can you help the environment by making the switch to solar? Something that can dramatically shape your carbon footprint is how long your commute is and how much you drive altogether. If you install solar panels and drive an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. Though solar panel production releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Holtsville, you can reduce your carbon footprint by 100 pounds a year with solar panels. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.