17 Best Solar Companies in Lake Mohegan, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Lake Mohegan

When deciding on a solar company, most homeowners or business owners think about the costs above all. There are several factors you should consider when determining the overall cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• Energy consumption: Solar may be a high-cost option for homes that don't consume a good amount of energy a month.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to produce as much energy, which will give you lower savings on power bills than a house with a roof that gets lots of sunlight.
• The type and model of solar panels you want to get: More efficient models are more highly priced, so that will influence your budget for your solar project.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, including the size of your house and incentives.

Solar Incentives in Lake Mohegan

One of the good things about installing a solar panel system is receiving incentives from the government. There are quite a few federal, state and local rebates and tax credits that can earn you some money in return after paying for a qualifying system. For comprehensive information about incentives for homeowners in Lake Mohegan, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Lake Mohegan

Switching to solar energy can have a beneficial impact on the environment. Something many might be thinking about is how much can they really help the environment by switching to solar power anyway? In Lake Mohegan, where the energy generation could be cleaner, going solar can have a huge impact on the planet since solar power is a renewable source of energy. When you go solar, your carbon emissions can be reduced by about 50 pounds a year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.