11 Best Solar Companies in Pound Ridge, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Pound Ridge

The cost of putting up a solar panel system has gone down immensely over the past few years, but it's still a large investment for most homeowners. There are several factors you should consider when trying to figure out costs and your potential savings, including:

• How much energy costs for you: If your local power rates are high, there's a better chance you'll get a higher return on your investment in a solar system. In Pound Ridge, you can save an average of $80 a month on your electricity bills.
• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar system won't be able to produce as much energy, which will leave you with lower savings on electricity bills than a house with a roof that gets a lot of sunlight.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• 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 taxes. In addition, not including incentives, you can save about $22,000 over 20 years on your energy bills.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your energy consumption.

Solar Incentives in Pound Ridge

If you're planning on making the switch to solar power, various government incentives and subsidies can immensely bring down your project costs and speed up the return on your investment. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Take a look at our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Pound Ridge

There are many reasons to switch to solar energy, like saving some money on electricity bills and helping to reduce your carbon footprint. You may be asking yourself — how much does going solar do for the environment anyway? In a city like Pound Ridge where commute times can be very long, going solar can help help reduce the carbon footprint of driving. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. If you want to do your part for the environment, you'll likely get that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.