11 Best Solar Companies in Lenox, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Lenox

For lots of homeowners, the decision to invest in a solar energy system depends the most on the cost. The cost and possible savings vary depending on a few key factors such as:

• Your current power bills: Solar panels can substantially reduce, or entirely eliminate, your utility bills. In Lenox, you can save an average of $52 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $13,000 over the first 20 years with your solar system, too.
• 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 to buy, the more it'll cost.
• Your city: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.

So is a solar panel system worth it? Whether you want to reduce your electric bills, carbon dioxide emissions or both, solar panels are a great investment for many Lenox homeowners.

Solar Incentives in Lenox

Adopting solar power has lots of wonderful benefits. Not only can it help preserve the environment, but you can also save a good amount of money on your installation with various government incentives. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Lenox

Going solar can have a beneficial effect on the environment. But — how much exactly can you help by using solar power? One thing that can dramatically shape your carbon footprint is your commute time and how much you drive generally. If you switch to solar power and drive an electric car, you can greatly decrease your carbon dioxide emissions by charging your car at home. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 20 pounds each year. The benefits of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.