11 Best Solar Companies in Pound Ridge, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Pound Ridge

The cost of installing solar panels has gone down greatly in the past several years, but it's still a substantial investment for most homeowners. There are quite a few factors you should take into consideration when trying to figure out the overall cost and how much you can save, such as:

• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• The cost of energy for you: If your local power rates are high, there's a better chance you'll see a higher return on your investment in a solar panel system. In Pound Ridge, you can save an average of $80 a month on your electricity bills.
• The kind of solar panels you can purchase: This hinges on what your budget is.
• 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 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 $22,000 over the first 20 years with your solar system, too.

So is buying solar panels worth it? Whether you'd like to reduce your electricity costs, greenhouse gas emissions or both, solar panels are a good investment for many Pound Ridge homeowners.

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 the table below to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Pound Ridge

Making the switch to solar power is a compelling way to do what you can for a greener future. A question many people might have in mind is how much can they really help save the environment by going solar anyway? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on 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 every year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.