16 Best Solar Companies in Malta, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Malta

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to install your system. Some main factors that affect the cost of installing a solar panel system on your home and how much money you could save over time include:

• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $13,000 on your electricity bills over 20 years excluding incentives.
• Your income and budget: This determines what type of solar panels you can buy.
• How much sunlight your roof gets: If your roof gets limited direct sunlight, your solar system won't be able to make as much energy, which will leave you with lower savings on power bills than someone with a roof that gets a lot of sunlight.
• Your household's power bills: Based on the high monthly energy bills in Malta, you could save about $620 a year with solar.

Solar is a fruitful investment for most homeowners. You can generate your own energy instead of paying for it from a utility company and take advantage of solar incentives and rebates, all while helping the Earth.

Solar Incentives in Malta

If you're planning on making the switch to solar power, a variety of government incentives and subsidies can dramatically bring down the cost of the project and expedite the return on your investment. There are quite a few federal, state and local rebates and tax credits that can earn you some money back after paying for a qualifying system. Our article on solar incentives goes over more information on the incentives you can take advantage of in Malta.

Environmental Impact of Switching to Solar in Malta

A lot of people want to do what they can to help protect the planet, which in many cases is the primary reason for installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Malta, though. One thing to consider is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. When you go solar, your carbon emissions can be lowered by about 20 pounds a year. As you can see, going solar has so many other perks beyond saving money. One of the primary ones is that you can help save the planet too.