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

The Cost and Benefits of Solar in Mineola

For most homeowners, whether or not you should invest in solar panels depends the most on the cost. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• How much energy you use: If your family uses a lot of energy, you'll see more savings from going solar.
• Your current power bills: Solar panels can greatly decrease, or completely eradicate, your utility bills. In Mineola, you can save an average of $75 a month.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Mineola

To increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar more financially viable and accessible. These incentives normally consist of cash rebates, tax credits and/or solar renewable energy credits. They can cut the cost you pay for installing solar panels by 26 to 50% in some cases. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Mineola

One of the most compelling reasons to switch to solar power is to decrease your dependence on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. You may be curious — how much do solar panels do for the planet anyway? Using renewable energy for electricity rather than relying on nonrenewable energy sources is an effective way to lower carbon dioxide emissions if you want to help reduce Mineola's large level of greenhouse gas emissions. Once you go solar, your carbon dioxide emissions can be reduced by about 100 pounds a year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.