14 Best Solar Companies in Peekskill, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Peekskill

Even though solar panels can help save you a decent chunk of change on electricity bills over time, it's important to know the startup costs. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Your home's orientation toward the sun: This, plus your roof configuration, affects affect how much energy your solar panels can produce.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $30,000 over 20 years on your energy bills.
• How much energy costs for you: The average family in Peekskill shells out around $1,300 a year on energy use alone, so you could be looking at that much in savings.

There are several good benefits of solar even with the upfront cost of installation. It can help the Earth and your wallet. Additionally, it can increase the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Peekskill

Because solar power is better for the environment than fossil fuels, there are various government incentives in place to encourage its adoption. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some local incentives that you can use 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 Peekskill

If you're considering adding solar panels to your home, one of the main reasons why may be to reduce your carbon footprint. But how much can using solar energy instead of traditional energy actually affect the environment? One thing to 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 use solar energy for your home to power your EV and therefore help offset your carbon emissions. After you go solar, your carbon emissions can be reduced by about 50 pounds a year. If you want to do what you can for the environment, you'll likely understand that there are many good things about adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.