13 Best Solar Companies in Medford, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Medford

For a lot of homeowners, whether or not you should invest in solar energy boils down to the cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Energy consumption: Solar may be too steep of an investment for families that don't consume a good amount of energy a month.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. Additionally, you can save about $22,000 over 20 years on your utility bills, before factoring in incentives.
• Your current electric bills: Solar panels can significantly decrease, or entirely eradicate, your utility bills. In Medford, you can save an average of $75 a month.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a solid investment for many homeowners.

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. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city rebates and benefits. Check out our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Medford

If you're planning on adding solar panels to your home, one of the major reasons why may be to reduce your reliance on nonrenewable energy. But you may be wondering — how much exactly can you help the environment by making the switch to solar? Your energy usage is a key factor to keep in mind. The more electricity you use, the larger your impact when you make the switch to solar power. 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. For those who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.