17 Best Solar Companies in Kings Point, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Kings Point

When deciding on a solar company, most homeowners or business owners think about the costs the most. A few main factors that influence how much it will cost to install a solar panel system on your home and how much it could save you over time include:

• How much you spend on energy: If your local energy rates are high, there's a good chance you'll see a higher return on your investment in a solar system. In Kings Point, you can save an average of $75 a month on your electricity bills.
• Your income and budget: This determines what kind of solar panels you can afford.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Plus, you can save about $22,000 over 20 years on your utility bills, before factoring in incentives.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will leave you with lower savings on power bills than a roof that gets lots of sunlight.

Thanks to solar panels now being cheaper than ever as well as several solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Kings Point

If you're planning on making the switch to solar energy, several government incentives and solar rebates can greatly lower the cost of the project and expedite the return on your investment. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. In the table below, you can read about the incentives you qualify for in Kings Point.

Environmental Impact of Switching to Solar in Kings Point

An important reason so many people consider adopting solar energy is to help lower their environmental impact. But — how much exactly can you help the planet by going solar? A key thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so adopting solar energy for your house can help offset that. After you go solar, your carbon footprint can be reduced by about 100 pounds every year. Since solar power is renewable and makes electricity without a carbon footprint, installing solar panels is one easy step you can take to help the planet.