18 Best Solar Companies in Ontario, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Ontario

For many people, the decision of which solar installer to choose depends on total costs. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Typical energy usage: The more energy your household uses on average and the greater your current energy bills are, the more likely you'll benefit from making the switch to solar.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can benefit from. Plus, you can save about $14,000 over 20 years on your utility bills, without incentives.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• The amount of sunlight your home gets: Thanks to Ontario's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

As a result of solar panels decreasing in cost as well as several solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Ontario

If you're considering making the switch to solar energy, several government incentives and subsidies can greatly reduce the cost of the project and speed up the return on your investment. There are several federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money in return after paying for a qualifying system. Check out our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Ontario

There are a few primary reasons why people want to invest in solar energy: for the good of their bank accounts and the planet. But you may be wondering — how much exactly can you help the environment by making the switch to solar? If your home uses lots of energy, you can impact the environment even more by switching to solar energy. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. Since solar energy is abundant and generates electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help protect the environment.