15 Best Solar Companies in Troy, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Troy

For most homeowners, the decision to invest in solar panels depends the most on the cost. The overall price and potential savings vary depending on a few important factors such as:

• How much energy you use: If your home needs to use a lot of energy, you'll reap more rewards from installing solar panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $13,000 over 20 years with your system, too.
• Average daily sunlight: Since Troy doesn't get a lot of average daily sunlight, your solar system may not be able to generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• The type of solar panels you can buy: This hinges on how much you're willing to invest upfront.

Solar is a valuable investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and benefit from solar incentives, all while helping the planet.

Solar Incentives in Troy

Although installing solar panels is typically a big investment, it can save you a lot of money over time due to 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 your project costs when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Troy

One of the best reasons to embrace solar energy is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But how much can installing solar panels actually help the environment? The more power your family uses, the better off the planet will be from you switching to solar as you won't have to burn as many fossil fuels. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 20 pounds each year. Since solar power is renewable and makes electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help preserve the planet.