13 Best Solar Companies in Medford, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Medford

Even though solar panels can save you a decent chunk of change on energy bills over time, it's necessary to consider the startup costs. The overall price and potential savings vary depending on a few key factors such as:

• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $22,000 on your electricity bills over 20 years excluding incentives.
• Your income and budget: This shapes what model of solar panels you can get.
• How much you spend on energy: If your local electricity rates are high, there's a better chance you'll see a higher return on your investment in a solar system. In Medford, you can save an average of $75 a month on your electricity bills.
• Average daily sunlight: Since Medford gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the size of your house and incentives.

Solar Incentives in Medford

To increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more financially viable and accessible. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some local incentives that can save you some extra money too. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Medford

There are lots of reasons to trade traditional energy for solar power, like saving on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Medford, though. If your home uses a lot of energy, you can impact the environment even more by switching to solar energy. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. Since solar energy is plentiful and produces electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help preserve the environment.