17 Best Solar Companies in Oakfield, NY (Jan 2023 Review)

The Cost and Benefits of Solar in Oakfield

For the majority of homeowners, whether or not you should invest in solar energy comes down to the cost. Some key factors that influence the cost of installing solar panels on your home and how much it could save you over time are:

• Electricity consumption: The average home in Oakfield doesn't use much energy, and therefore may not see as many savings on their power bills.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Incentives: Those who install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your electricity bills over 20 years without incentives.
• How much you spend on energy: If your local energy rates are high, there's a good chance you'll have a higher return on your investment in a solar panel system. In Oakfield, you can save an average of $54 a month on your electricity bills.

Solar is a rewarding investment for most homeowners. You can generate 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 planet.

Solar Incentives in Oakfield

Although installing solar panels is typically a large investment, it can save you a considerable amount of money over several years due to reduced energy bills and government incentives. When you install solar panels on your house, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there are often some regional incentives that you can benefit from to further save. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Oakfield

One of the best reasons to use solar power is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. But how much can installing solar panels actually affect the environment? A key thing to consider is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so adopting solar power for your house can help offset that. In Oakfield, the average resident can lower their carbon footprint by 20 pounds a year after going solar. Since solar power is abundant and generates electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help protect the environment.