18 Best Solar Companies in Thornwood, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Thornwood

The cost of putting up solar panels has gone down significantly in the past few years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Your household's power bills: Because of fairly high monthly electric bills in Thornwood, you could save about $1,300 a year with solar.
• Average daily sunlight: Since Thornwood gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your electricity bills will be.
• The type and model of solar panels you want: Higher-efficiency panels have higher prices, so that will shape your budget for your solar project.
• Incentives: Something that can save you money on your solar project 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 on your energy bills, which can give you an average of $30,000 of savings over 20 years.

So are solar panels worth it? Whether you'd like to reduce your electric bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Thornwood homeowners.

Solar Incentives in Thornwood

One of the benefits of installing a solar panel system is receiving federal and potentially state incentives. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there may often be some local incentives that you can benefit from to further save. Our article on solar incentives has more detailed information on the incentives you can find in Thornwood.

Environmental Impact of Switching to Solar in Thornwood

One of the most compelling reasons to tap into solar power is to decrease your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. But you may be curious — how much exactly can you help the environment by making the switch to solar? If your household consumes a lot of energy, you can impact the environment even more by switching to solar energy. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 50 pounds each year. As you can see, trading traditional energy for solar has so many other benefits besides saving money. One of the most important ones is that you can help save the planet too.