17 Best Solar Companies in Mount Hope, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Mount Hope

When choosing a solar company, most homeowners or business owners care about the costs the most. The overall price and potential savings vary depending on a few important factors such as:

• The type of solar panels you want: More efficient models have higher prices, so that will determine your budget for your solar project.
• Your household's power bills: Because of fairly high monthly electric bills in Mount Hope, you could save about $1,100 a year with solar.
• Incentives: Those who buy and install a solar system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $24,000 on your electricity bills over 20 years excluding incentives.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on energy bills than someone with a roof that gets plenty of sunlight.

Although a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, like the size of your house and your current power bills.

Solar Incentives in Mount Hope

Although a solar power system is typically a large investment, it can save you a substantial amount of money over many years because of reduced energy bills and government incentives. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some local incentives that you can benefit from to further save. Take a look at our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Mount Hope

Installing solar panels can have a positive impact on the environment. But you may be wondering — how much exactly can you help the planet by going solar? The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions each year, and electricity for their home, it can be overwhelming to think about what to do. Using solar power is a simple thing you can do to help. While solar panel production releases carbon dioxide emissions, the panels make up for it by significantly decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Mount Hope, you can reduce your carbon footprint by 20 pounds a year with solar panels. If you want to do your part for the environment, you'll no doubt get that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.