17 Best Solar Companies in Lake Mohegan, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Lake Mohegan

The cost of putting up a solar panel system has gone down significantly in the past several years, but it's still a large investment for most homeowners. The cost and possible savings vary depending on some important factors such as:

• Choice of solar panels: The type 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 you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• The amount of sunlight your roof gets: Because of Lake Mohegan's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• Incentives: Those who install a solar system this year can save 26% of their solar installation costs by using the federal solar investment tax credit. You can also save about $22,000 on your energy bills over 20 years excluding incentives.
• Your current electric bills: Solar panels can dramatically reduce, or completely get rid of, your utility bills. In Lake Mohegan, you can save an average of $80 a month.

There are many wonderful benefits of solar in spite of the upfront cost of installation. It can help the planet and your bank account. Plus, it can increase the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Lake Mohegan

Switching to solar power has plenty of considerable benefits. Not only can it help preserve the Earth, but you can also save a good amount of money on your installation with various government incentives. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 26% of the cost of your solar panels. In addition, there may often be some local incentives that you can take advantage of to further save. Check out the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Lake Mohegan

There are many reasons to trade traditional energy for solar power, like saving on electricity bills and helping to lower your carbon footprint. But you may be wondering — how much exactly can you help the environment by making the switch to solar? The average person has a substantial carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to think about what to do. Installing solar panels is a simple thing you can do to help. In Lake Mohegan, the average household can reduce their carbon footprint by 50 pounds a year after going solar. If you want to do what you can for the environment, you'll no doubt recognize that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.