17 Best Solar Companies in Le Ray, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Le Ray

For the majority of homeowners, whether or not you should invest in solar energy comes down to the cost. There are quite a few factors you should consider when trying to determine costs and your potential savings, such as:

• average energy usage: The more power your home consumes on average and the larger your current power bills are, the more money you could save by going solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $13,000 over the first 20 years with your solar panels, too.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• How much energy costs for you: If your local power rates are high, there's a good chance you'll get a higher return on your investment in solar panels. In Le Ray, you can save an average of $54 a month on your electricity bills.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, such as the size of your solar panel system and incentives.

Solar Incentives in Le Ray

One of the benefits of installing a solar panel system is earning government incentives. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Le Ray

Lots of people want to do their part to help save the environment, which for many is the chief reason they're interested in installing a solar system. But you may be wondering — how much exactly can you help the planet by making the switch to solar? Your energy usage is a key factor to keep in mind. The more electricity you use, the larger your impact when you go solar. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. As you can see, investing in solar has so many other rewards outside of saving money. One of the most important ones is that you can help save the Earth too.