18 Best Solar Companies in Olive, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Olive

We know that for many homeowners, the choice to invest in solar hinges on installation costs. A few main factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time are:

• Your power bills: This will determine how much you can save. In Olive, the average homeowner can save about $780 a year on their electricity bills.
• Average daily sunlight: Since Olive gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• Incentives: Those who purchase and install a solar energy 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 $17,000 on your electricity bills over 20 years without incentives.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

Because of solar panels decreasing in cost as well as various solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Olive

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. On top of the federal solar investment tax credit, there are also some local benefits, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. In our article on solar incentives, you can read about the incentives you qualify for in Olive.

Environmental Impact of Switching to Solar in Olive

One of the reasons so many homeowners consider installing solar panels is to help reduce their environmental impact. But you may be wondering — how much exactly can you help by going solar? One thing you should consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 20 pounds each year. Since solar energy is abundant and generates electricity without CO2 emissions, installing solar panels is one easy step you can take to help protect the planet.