14 Best Solar Companies in Phelps, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Phelps

The cost of installing a solar panel system has decreased significantly over the past few years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Your income and budget: This shapes what kind of solar panels you can buy.
• Energy consumption: Installing a solar system may be a high-cost option for homes that don't consume a good amount of energy per month.
• Your current electricity bills: Solar panels can substantially decrease, or entirely eradicate, your utility bills. In Phelps, you can save an average of $52 a month.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can result in an average of $13,000 of savings over 20 years.

There are many good benefits of solar in spite of the upfront cost of installation. It can help the environment and your wallet. Additionally, it can boost the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Phelps

Adopting solar power has many wonderful benefits. Not only can it help preserve the planet, but you can also save some money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. The table below lets you know about the incentives you can find in Phelps.

Environmental Impact of Switching to Solar in Phelps

One reason so many homeowners are considering installing solar panels is to help lower their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Phelps, though. The average person has a considerable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to figure out what to do. Using solar power is one of the easiest things you can do to help. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 20 pounds each year. Since solar power is plentiful and generates electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help protect the environment.