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

The Cost and Benefits of Solar in Malverne

Solar panels are powered by a free energy source — the sun — but to take advantage of this you must first pay to install your panels. A few key 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:

• Your home's orientation toward the sun: This, plus the configuration of your roof, affects affect how much energy your solar panels can make.
• Your income and budget: This shapes what kind of solar panels you can afford.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall 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 $22,000 over 20 years with your solar system, too.
• How much you spend on energy: If your local power rates are high, there's a good chance you'll have a higher return on your investment in a solar panel system. In Malverne, you can save an average of $75 a month on your electricity bills.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, like the amount of daily direct sunlight available and incentives.

Solar Incentives in Malverne

Although solar power is typically a large investment, it can save you a considerable amount of money in the long term due to lower energy bills and government incentives. There are quite a few federal, state and local rebates and tax credits that earn anywhere from 26% to 50% of your money back after paying for a solar panel system. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Malverne

Replacing nonrenewable energy with solar power is a profound way to do what you can for a greener future. But how much can installing solar panels actually affect the environment? Something that can severely influence your carbon footprint is how long your commute is and how much you drive generally. If you install solar panels and have an electric car, you can vastly reduce your carbon dioxide emissions by charging your car at home. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. If you want to do your part for the environment, you'll likely understand that there are many good things about adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.