14 Best Solar Companies in Stony Brook University, NY (Oct 2022 Review)

The Cost and Benefits of Solar in Stony Brook University

Even though solar panels can save you a decent chunk of change on power bills over time, it's necessary to consider the startup costs. Some important things that affect the upfront cost and potential savings over time include:

• Your income and budget: This affects what model of solar panels you can purchase.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. Plus, you can save about $22,000 over 20 years on your utility bills, not including incentives.
• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• How much electricity your household consumes: Homes that use lots of energy each month may call for more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.

Although 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, including the angle of your roof and your energy consumption.

Solar Incentives in Stony Brook University

Although solar power is typically a $15,000 to $25,000 investment, it can save you a significant amount of money over many years because of lower utility bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. In the table below, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Stony Brook University

One reason so many homeowners consider going solar is to help lower their environmental impact. You may be curious — how much does making the switch do for the environment anyway? The average person has a substantial carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions every year, and energy for their home, it can be overwhelming to think about what to do. Going solar is a simple thing you can do to help. Once you go solar, your carbon emissions can be cut by about 100 pounds a year. As you can see, investing in solar has so many other perks besides saving money. One of the major ones is that you can help save the Earth too.