15 Best Solar Companies in North Hempstead, NY (Feb 2023 Review)

The Cost and Benefits of Solar in North Hempstead

While solar panels can save you a good amount of money on utility bills over time, it's important to take into consideration the upfront costs. Some significant things that affect how much it will cost and how much you could save include:

• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive 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 opt for a higher number of more affordable panels.
• How much you spend on energy: The typical household in North Hempstead pays around $940 a year on home energy use alone, so you could end up with that much in savings.
• How much sunlight your roof gets: This, along with the configuration of your roof, affects affect how much energy your solar panels can generate.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can use. Additionally, you can save about $23,000 over 20 years on your utility bills, not including incentives.

There are lots of good benefits of solar even with the upfront cost of installation. It can help the planet and your bank account. Additionally, it can boost the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in North Hempstead

One of the great things about installing a solar panel system is earning government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city rebates and benefits. Take a look at our article on solar incentives to see what incentives are available to you.

Environmental Impact of Switching to Solar in North Hempstead

If you're considering adding solar panels to your home, one of the primary reasons why may be to reduce your reliance on nonrenewable energy. But how much can installing solar panels actually affect the environment? One thing that can drastically shape your carbon footprint is how long your commute is and how much you drive overall. If you switch to solar power and drive an electric car, you can greatly reduce your carbon dioxide emissions by charging your car at home. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 50 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.