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

The Cost and Benefits of Solar in Oyster Bay

The cost of putting up a solar panel system has gone down significantly over the past several years, but it's still a significant investment for most homeowners. Some significant things that influence how much it will cost and how much you could save include:

• Your energy bills: This will influence your savings. In Oyster Bay, the average resident can save about $900 a year on their electricity bills.
• Your income and budget: This affects what type of solar panels you can buy.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 26% of their overall solar costs by using the federal solar investment tax credit. You can also save about $22,000 on your electricity bills over 20 years not including incentives.
• How much energy your household consumes: Homes that need lots of power each month may call for more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.

Thanks to solar panels now being cheaper than ever as well as local and federal solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Oyster Bay

Although a solar power system is typically a big investment, it can save you a considerable amount of money in the long term because of lower utility bills and government incentives. These incentives mostly consist of cash rebates, tax credits and/or performance-based incentives. They can lower the cost of going solar by 26 to 50% in some cases. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Oyster Bay

If you're thinking of adding solar panels to your home, one of the major reasons why may be to lower your carbon footprint. You may be wondering — how much does going solar help the environment anyway? As reported by the EPA, electricity production is the second biggest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Using solar power can help lower that number in a city like Oyster Bay that produces a large amount of carbon dioxide emissions each year. While solar panel production emits carbon dioxide, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Oyster Bay, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, investing in solar has so many other rewards outside of saving money. One of the main ones is that you can help save the planet too.