11 Best Solar Companies in Jericho, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Jericho

While solar panels can help save you a good amount of money on utility bills over time, it's important to know the upfront costs. A few main factors that influence the cost of installing a solar panel system on your home and how much money you could save over time include:

• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can give you an average of $22,000 of savings over 20 years.
• Your energy bills: This will affect how much money you might save. In Jericho, the average resident can save about $900 a year on their electricity bills.
• Average daily sunlight: Since Jericho gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your electricity bills will be.
• The type of solar panel system you can buy: This hinges on what your budget is.

There are several great benefits of solar even with the upfront cost of installation. It can help the Earth and your wallet. In addition, it can raise the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Jericho

Adopting solar power has plenty of great benefits. Not only can it help protect the planet, but you can also save a decent amount of money on your installation with various government incentives. These incentives normally consist of cash rebates, tax breaks and/or performance-based incentives. They can lower how much you end up spending on going solar by 26 to 50% in some cases. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Jericho

If you're planning on adding solar panels to your home, one of the principal reasons why may be to lower your reliance on nonrenewable energy. You may be wondering — how much does going solar help the planet anyway? If your family uses a lot of energy, you can have an even greater impact on the planet by switching to solar power. In Jericho, the average person can lower their carbon footprint by 100 pounds a year after going solar. Since solar energy is abundant and generates electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help the environment.