9 Best Solar Companies in Syracuse, NY (Jul 2022 Review)

The Cost and Benefits of Solar in Syracuse

For a lot of homeowners, whether or not to invest in a solar energy system comes down to the cost. Some main factors that affect how much it will cost to install solar panels on your home and how much money you could save over time include:

• How much you spend on energy: The typical family in Syracuse pays around $620 a year on home energy use alone, so you could be looking at that much in savings.
• Incentives: One thing that can make your solar project cost less 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 a decent amount of money on your energy bills, which can lead to an average of $13,000 of savings over 20 years.
• average energy usage: The more electricity your home consumes on average and the steeper your current electricity bills are, the more benefits you'll see from making the switch to solar.
• The type of solar panel system you can buy: This depends on how much you're willing to spend upfront.

So is a solar system worth it? Whether you hope to decrease your energy bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Syracuse homeowners.

Solar Incentives in Syracuse

Although solar power is typically a big investment, it can save you a lot of money over many years because of smaller energy bills and government incentives. When you install a solar panel system on your house, you can take advatage of 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. Take a look at the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Syracuse

Lots of people want to do what they can to help save the planet, which often is the prime reason they're interested in installing a solar system. You may be trying to figure out — how much do solar panels do for the planet anyway? In a city like Syracuse 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. Once you go solar, your carbon footprint can be cut by about 20 pounds each year. If you want to do what you can for the environment, you'll likely understand that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.