13 Best Solar Companies in Oyster Bay, NY (Dec 2022 Review)

The Cost and Benefits of Solar in Oyster Bay

For lots of homeowners, whether or not you should invest in solar energy boils down to the cost. There are a few factors you should take into consideration when trying to figure out costs and your potential savings, including:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• The type of solar panel system you can buy: This depends on how much you're willing to invest upfront.
• Average daily sunlight: Since Oyster Bay gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• Your power bills: This will dictate how much you can save. In Oyster Bay, the average homeowner can save about $900 a year on their electricity bills.

So is a solar system worth it? Whether you'd like to lower your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Oyster Bay homeowners.

Solar Incentives in Oyster Bay

If you're thinking about switching to solar energy, a variety of government incentives and solar rebates can immensely reduce the cost of the project and expedite the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city rebates and benefits. Our article on solar incentives goes over more in-depth information on the incentives you can benefit from in Oyster Bay.

Environmental Impact of Switching to Solar in Oyster Bay

There are lots of reasons to make the switch to solar power, like saving some money on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Oyster Bay, though. No matter where you are, you can help save the environment by switching to solar energy, but homes that use lots of energy will have a greater impact. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 100 pounds each year. If you care about the environment, you'll most likely understand that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.