14 Best Solar Companies in New City, NY (Sep 2022 Review)

The Cost and Benefits of Solar in New City

For a lot of homeowners, whether or not to invest in a solar energy system boils down to the cost. There are quite a few factors you should consider when trying to figure out how much it will cost and how much you can save, such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall 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 solar system, too.
• The amount of sunlight your roof gets: This, plus the configuration of your roof, affects affect how much energy your solar panels can generate.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• average energy usage: The more energy your household uses on average and the higher your current energy bills are, the more money you could save by switching to solar.

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

Solar Incentives in New City

In an effort to increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more financially viable and accessible. When you install a solar panel system on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can take advantage of to further save. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in New City

Lots of people want to do their part to help the environment, which in many cases is the chief motivation to install a solar system. But how much can installing solar panels actually affect the environment? The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to think about what to do. Switching to solar is a practical thing you can do to help. If you go solar, your carbon emissions can be lowered by about 20 pounds a year. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.