13 Best Solar Companies in Lackawanna, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Lackawanna

For many people considering switching to solar, the decision of which solar company to hire depends on how much it'll cost. Some key factors that determine the cost of installing solar panels on your home and how much it could save you over time are:

• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your energy bills: This will dictate how much money you might save. In Lackawanna, the average homeowner can save about $630 a year on their electricity bills.
• 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 on your utility bills, which can give you an average of $13,000 of savings over 20 years.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to produce as much energy, which will give you lower savings on electric bills than a house with a roof that gets a lot of sunlight.

There are lots of great benefits of solar in spite of the initial cost of installation. It can help the Earth and your wallet. In addition, it can boost the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Lackawanna

In an effort to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar power more financially viable and accessible. There are several federal, state and local rebates and tax credits that earn some money back after buying a solar panel system. The table below tells you about the incentives you can benefit from in Lackawanna.

Environmental Impact of Switching to Solar in Lackawanna

Making the switch to solar power is a powerful way to do your part for a more eco-friendly future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lackawanna, though. The average person has a rather large carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions each year, and energy for their home, it can be overwhelming to think about what to do. Installing solar panels is a simple thing you can do to help. If you go solar, your carbon emissions can be reduced by about 20 pounds a year. The advantages of solar power are abundant — just like solar power is! That's why so many people have been happy with using solar energy.