12 Best Solar Companies in Larchmont, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Larchmont

For lots of homeowners, the decision to invest in solar energy boils down to the cost. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Electricity consumption: The average home in Larchmont doesn't use much energy, and as a result may not see as many savings on their power bills.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. Plus, not including incentives, you can save about $30,000 over 20 years on your energy bills.
• Whether or not your roof gets a lot of direct sunlight: This, along with your roof configuration, affects affect how much electricity your solar panels can produce.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Larchmont

Since solar power is better for the environment than traditional energy sources, there are quite a few government incentives in place to encourage people to make the switch. When you install solar panels on your house, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Take a look at our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Larchmont

There are a few main reasons why many people are considering solar energy: to help their wallet and the environment. But how much can using solar energy instead of traditional energy actually affect the environment? An important thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be larger, so adopting solar energy for your house can help offset that. In Larchmont, the average household can reduce their carbon footprint by 50 pounds a year once they go solar. For people who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.