15 Best Solar Companies in Mount Ivy, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Mount Ivy

The cost of installing solar panels has gone down greatly over the past few years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Choice of solar panels: The type 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much energy costs for you: If your local power rates are quite high, there's a good chance you'll have a higher return on your investment in a solar panel system. In Mount Ivy, you can save an average of $90 a month on your electricity bills.
• Your home's orientation toward the sun: This, plus the configuration of your roof, affects affect how much energy your solar panels can make.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $24,000 over the first 20 years with your system, too.

Solar is a fruitful investment for most homeowners. You can make your own energy instead of paying for it from a utility company and take advantage of solar tax credits and rebates, all while helping the environment.

Solar Incentives in Mount Ivy

If you're planning on switching to solar energy, a variety of government incentives and state programs can drastically reduce the installation costs and expedite the return on your investment. In addition to the federal tax credit incentive, there are also some state- and city-level programs, which in the majority of cases, stack with the federal incentive, so you get to save even more. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Mount Ivy

One reason so many are considering adopting solar energy is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Mount Ivy, though. One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.