18 Best Solar Companies in Rensselaer, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Rensselaer

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to install your panels. There are quite a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, such as:

• Your current power bills: Solar panels can significantly lower, or totally eradicate, your utility bills. In Rensselaer, you can save an average of $52 a month.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• Energy consumption: Installing solar panels may be a high-cost option for households that don't use a lot of energy per month.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money 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.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Rensselaer

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a lot of money over many years because of lower energy bills and government incentives. When you install a solar panel system on your home, 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. Plus, there may often be some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. Our article on solar incentives has more detailed information on the incentives you can find in Rensselaer.

Environmental Impact of Switching to Solar in Rensselaer

An important reason so many homeowners are considering adopting solar energy is to help lower their environmental impact. But how much can installing solar panels actually help the environment? In Rensselaer, where the energy generation could be cleaner, going solar can have a huge effect on the planet since solar power is a renewable source of energy. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 20 pounds each year. As you can see, investing in solar has so many other perks apart from saving money. One of the most important ones is that you can help save the planet too.