18 Best Solar Companies in Smithtown, NY (2023 Reviews)

The Cost and Benefits of Solar in Smithtown

Even though solar panels can save you money on energy bills over time, it's necessary to consider the upfront costs. Some key things that determine how much it will cost and how much you could save include:

• The type of solar panels you want to get: More high-tech panels cost more, so that will determine your budget for your solar project.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can generate an average of $22,000 of savings over 20 years.
• Your energy bills: This will impact how much you can save. In Smithtown, the average resident can save about $900 a year on their electricity bills.
• Where your home is: This affects how much sunlight your roof gets, which helps determine how many panels you need.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your energy consumption.

Solar Incentives in Smithtown

Although installing solar panels is typically a large investment, it can save you much money over many years because of reduced energy bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other local rebates and benefits. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Smithtown

Installing solar panels can have a beneficial impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Smithtown, though. One thing you should consider is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Though making solar panels releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Smithtown, you can reduce your carbon footprint by 100 pounds a year with solar panels. If you care about the environment, you'll most likely find that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.