17 Best Solar Companies in New Paltz, NY (2023 Reviews)

The Cost and Benefits of Solar in New Paltz

When picking a solar company, most homeowners or business owners wonder about the costs above all. Some important things that determine the cost and possible savings include:

• How much you spend on energy: The average household in New Paltz shells out around $880 a year on energy use alone, so you could be looking at that much in savings.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on electric bills than a roof that gets lots of sunlight.
• Your income and budget: This guides what type of solar panels you can purchase.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a sound investment for most homeowners.

Solar Incentives in New Paltz

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make going solar more affordable and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. For detailed information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in New Paltz

Switching to solar energy can have a beneficial effect on the environment. But — how much exactly can you help by using solar power? One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 20 pounds each year. The perks of solar power are plentiful — just like solar power is! That's why so many people have been happy with committing to solar.