14 Best Solar Companies in Hoosick Falls, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Hoosick Falls

Although solar panels can help save you money on electricity bills over time, it's necessary to take into consideration the startup costs. Some important factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time are:

• Your income and budget: This guides what model of solar panels you can get.
• Your current energy bills: Solar panels can dramatically decrease, or completely get rid of, your utility bills. In Hoosick Falls, you can save an average of $52 a month.
• How much electricity your household consumes: Homes that need a lot of energy each month may require more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $13,000 over the first 20 years with your solar system, too.

Even though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your solar panel system and incentives.

Solar Incentives in Hoosick Falls

Although a solar power system is typically a large investment, it can save you a considerable amount of money over the lifespan of your solar panels due to lower utility bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially use the ITC with other local incentives. For comprehensive information about incentives for homeowners in Hoosick Falls, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Hoosick Falls

There are many reasons to make the switch to solar power, like saving money on electricity bills and helping to lower your carbon footprint. You may be asking yourself — how much do solar panels do for the planet anyway? In a city like Hoosick Falls where commute times can be pretty long, installing solar panels can help help reduce the carbon footprint of driving. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Hoosick Falls, you can reduce your carbon footprint by 20 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other perks besides saving money. One of the primary ones is that you can help save the Earth too.