12 Best Solar Companies in Pembroke, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Pembroke

Although solar panels can help save you a good amount of money on electricity bills over time, it's necessary to consider the startup costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• How much energy you use: If your household needs to use a lot of energy, you'll benefit more from switching to solar.
• Your power bills: This will dictate how much money you might save. In Pembroke, the average resident can save about $630 a year on their electricity bills.
• The make and model of solar panels you're thinking of getting: Higher-efficiency panels are more expensive, so that will affect your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $14,000 over the first 20 years with your system, too.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, like the size of your solar panel system and your energy consumption.

Solar Incentives in Pembroke

Although a solar power system is typically a large investment, it can save you a lot of money over several years because of reduced power bills and government incentives. In addition to the federal tax credit incentive, there are also some state- and city-level programs, which in almost all cases, stack with the federal incentive, so you get to save even more. For more information about incentives for homeowners in Pembroke, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Pembroke

One reason so many homeowners are thinking of installing solar panels is to help reduce their environmental impact. But how much can switching to solar actually help the environment? A key thing to think about is your overall carbon footprint. For example, if you have a long commute, your footprint may be greater, so adopting solar energy for your house can help offset that. When you go solar, your carbon dioxide emissions can be reduced by about 20 pounds every year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.