18 Best Solar Companies in Lyons, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Lyons

The cost of installing solar panels has gone down greatly over the past few years, but it's still a large investment for most homeowners. Some main factors that influence how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $14,000 over the first 20 years with your solar system, too.
• Electricity consumption: The average household in Lyons doesn't use much energy, and so may not see as many savings on their power bills.
• The type and model of solar panels you want: More high-tech panels are more expensive, so that will determine your budget for your solar project.
• The cost of electricity in your area: If your local utility rates are high, there's a better chance you'll end up with a higher return on your investment in a solar panel system. In Lyons, you can save an average of $53 a month on your electricity bills.

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

Solar Incentives in Lyons

To increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. When you install solar panels on your house, 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. Additionally, there are often some regional incentives that you can use to further save. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Lyons

If you want to add solar panels to your home, one of the primary reasons why may be to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lyons, though. The more power your house uses, the better off the planet will be if you switch to solar as you won't need to burn as many fossil fuels. In Lyons, the average resident can lower their carbon footprint by 20 pounds a year after going solar. If you want to do what you can for the environment, you'll no doubt get that there are many advantages to adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.