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

The Cost and Benefits of Solar in Riverhead

The cost of putting up a solar panel system has decreased immensely in the past few years, but it's still a significant investment for most homeowners. Some important factors that affect how much it will cost to install solar panels on your home and how much it could save you over time include:

• Your income and budget: This affects what kind of solar panels you can get.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $22,000 on your utility bills over 20 years not including incentives.
• The cost of energy for you: If your local utility rates are high, there's a good chance you'll get a higher return on your investment in a solar panel system. In Riverhead, you can save an average of $75 a month on your electricity bills.
• How much sunlight your roof gets: This, plus the configuration of your roof, affects affect how much electricity your solar panels can generate.

Because of solar panels now being cheaper than ever as well as various solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Riverhead

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more affordable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. For comprehensive information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Riverhead

There are tons of reasons to switch to solar energy, like saving money on electricity bills and helping to reduce your carbon footprint. But how much can switching to solar actually help the environment? The more power you use, the better off the planet will be from you switching to solar since you won't need to burn as many fossil fuels. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. The great things about solar power are infinite — just like solar power is! That's why so many people have been happy with committing to solar.