18 Best Solar Companies in Schaghticoke, NY (Jan 2023 Review)

The Cost and Benefits of Solar in Schaghticoke

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 set up your panels. Some key factors that influence the cost of installing solar panels on your home and how much it could save you over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $13,000 over 20 years with your solar panels, too.
• Electricity consumption: The average household in Schaghticoke doesn't use much energy, and therefore may not see as many savings on their power bills.
• How much energy costs for you: The typical household in Schaghticoke pays around $630 a year on power alone, so you could end up with that much in savings.
• The type of solar panels you have the money for: This hinges on your income and budget.

As a result of the cost of solar panels being lower than before as well as several solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Schaghticoke

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a significant amount of money over several years because of smaller power bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Schaghticoke

There are tons of reasons to switch to solar power, like saving money on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Schaghticoke, though. In a city like Schaghticoke where commute times can be pretty long, going solar can help offset some of your carbon dioxide emissions from driving. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 20 pounds each year. As you can see, trading traditional energy for solar has so many other perks outside of saving money. One of the most important ones is that you can help save the Earth too.