15 Best Solar Companies in Malverne, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Malverne

Although solar panels can save you a good amount of money on power bills over time, it's necessary to know the startup costs. Some important things that influence how much it will cost and how much you could save include:

• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can lead to an average of $22,000 of savings over 20 years.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• Your energy bills: This will affect how much you can save. In Malverne, the average homeowner can save about $900 a year on their electricity bills.
• Your energy consumption: If your household needs to use a lot of energy, you'll see more savings from installing solar panels.

Solar is a profitable investment for most homeowners. You can produce your own energy instead of paying for it from a utility company and take advantage of solar tax credits and rebates, all while helping preserve the planet.

Solar Incentives in Malverne

One of the great things about installing a solar panel system is receiving incentives from the government. In addition to the federal solar investment tax credit, there are also some state- and city-level benefits, which in the majority of cases, can be claimed in addition to the federal incentive, so you get to save even more. The table below lets you know about the incentives you can find in Malverne.

Environmental Impact of Switching to Solar in Malverne

Switching to solar energy can have a positive impact on the environment. But — how much exactly can you help the environment by going solar? As reported by the EPA, electricity generation is the second greatest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Switching to a clean energy source like solar power can help put a dent in that statistic in a city like Malverne that accounts for a large amount of carbon dioxide emissions each year. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Malverne, you can reduce your carbon footprint by 100 pounds a year with solar panels. If you want to do what you can for the environment, you'll no doubt find that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.