17 Best Solar Companies in University At Buffalo, NY (Jan 2023 Review)

The Cost and Benefits of Solar in University At Buffalo

The cost of putting up a solar panel system has decreased significantly in the past few years, but it's still a large investment for most homeowners. There are quite a few factors you should consider when trying to figure out costs and your potential savings, such as:

• The amount of sunlight your area gets: Thanks to University At Buffalo's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.
• The cost of energy for you: If your local electricity rates are high, there's a better chance you'll end up with a higher return on your investment in a solar system. In University At Buffalo, you can save an average of $52 a month on your electricity bills.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• How much power your household consumes: Homes that use plenty of electricity each month may call for more solar panels and, as a result, be more expensive, but will also enjoy more savings over time.

So are solar panels worth it? Whether you hope to decrease your electricity costs, carbon emissions or both, solar panels are a great investment for many University At Buffalo homeowners.

Solar Incentives in University At Buffalo

If you're considering switching to solar power, a variety of government incentives and solar rebates can drastically lower your project costs and speed up the return on your investment. Everyone 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, reducing the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in University At Buffalo.

Environmental Impact of Switching to Solar in University At Buffalo

A lot of people want to do what they can to help protect the environment, which for many is the prime reason for installing solar panels. A question many people might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? Going solar is an impactful choice for the environment, due to the fact that the largest source of greenhouse gas emissions in the U.S. is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used traditional energy. In University At Buffalo, you can reduce your carbon footprint by 20 pounds a year with solar panels. For people who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.