16 Best Solar Companies in Riverhead, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Riverhead

We understand that for most homeowners, the decision to invest in solar comes down to installation costs. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Whether or not your roof gets a lot of direct sunlight: This, plus the configuration of your roof, affects affect how much electricity your solar panels can make.
• How much energy you use: If your home needs to use a lot of energy, you'll benefit more from switching to solar.
• Your current electric bills: Solar panels can significantly lower, or entirely eliminate, your utility bills. In Riverhead, you can save an average of $75 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's equal to a percentage of the project cost. You can also save money on your power bills, which can generate an average of $22,000 of savings over 20 years.

There are lots of good benefits of solar even with the initial cost of installation. It can help the planet and your finances. In addition, it can boost the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Riverhead

Because solar power is a cleaner source of energy than traditional energy sources, there are a number of government incentives available to encourage its adoption. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 26% of the cost of your solar panels. In addition, there may often be some regional incentives that you can use to further save. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Riverhead

There are tons of reasons to switch to solar power, like saving on electricity bills and helping to reduce your carbon footprint. A question many might be asking themselves is how much can they really help the environment by switching to solar power anyway? In a city like Riverhead where energy use is somewhat high, making the switch to solar power is a great plan for people who want to do their part for the environment. In Riverhead, the average person can lower their carbon footprint by 100 pounds a year after going solar. The advantages of solar power are abundant — just like solar power is! That's why so many people have been happy with making the switch to solar.