17 Best Solar Companies in New Castle, NY (Mar 2023 Review)

The Cost and Benefits of Solar in New Castle

While solar panels can save you money on power bills over time, it's necessary to know the upfront costs. Some key factors that determine how much it will cost to install a solar panel system on your home and how much it could save you over time include:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $28,000 over 20 years on your energy bills.
• Your household's power bills: Based on the fairly high monthly electricity bills in New Castle, you could save about $1,200 a year with solar.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on power bills than a house with a roof that gets lots of sunlight.
• The type of solar panel system you can buy: This is dependent on how much you're willing to spend upfront.

So is buying solar panels worth it? Whether you want to reduce your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many New Castle homeowners.

Solar Incentives in New Castle

One of the great things about installing a solar panel system is receiving government incentives. When you install solar panels on your house, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can take advantage of to further save. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in New Castle

Replacing nonrenewable energy with solar power is a compelling way to do your part for a greener future. A question many might be asking themselves is how much can they really help save the environment by going solar anyway? In a place like New Castle where commute times can be very long, using solar power can help offset some of your carbon dioxide emissions from being on the road a lot. Once you go solar, your carbon footprint can be lowered by about 50 pounds every year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.