14 Best Solar Companies in Homer, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Homer

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to install your panels. There are quite a few factors you should take into consideration when trying to determine costs and your potential savings, including:

• The cost of electricity in your area: If your local power rates are high, there's a better chance you'll see a higher return on your investment in a solar system. In Homer, you can save an average of $52 a month on your electricity bills.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Your energy consumption: If your family needs to use a lot of energy, you'll see more savings from installing solar panels.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.

Though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your local electricity rates.

Solar Incentives in Homer

To increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. On top of the federal tax credit incentive, there are also some local incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Homer.

Environmental Impact of Switching to Solar in Homer

There are a few important reasons why many people are interested in solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Homer, though. If your home consumes lots of energy, you can help the environment even more by switching to solar power. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. The great things about solar power are plentiful — just like solar power is! That's why so many people have been happy with committing to solar.