15 Best Solar Companies in University Gardens, NY (Sep 2022 Review)

The Cost and Benefits of Solar in University Gardens

We know that for most homeowners, the choice to invest in solar rests on installation costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• 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 $22,000 over the first 20 years with your solar system, too.
• Your location: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• The cost of electricity in your area: If your local power rates are high, there's a good chance you'll see a higher return on your investment in a solar panel system. In University Gardens, you can save an average of $75 a month on your electricity bills.

Thanks to solar panels decreasing in cost as well as local and federal solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in University Gardens

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a significant amount of money in the long term due to reduced power bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially pair the ITC with other local rebates and benefits. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in University Gardens

An important reason so many homeowners are considering switching to solar power is to help reduce their environmental impact. Something many people might be asking themselves is how much can they really help protect the environment by going solar anyway? One thing that can dramatically influence your carbon footprint is your commute time and how much you drive generally. If you go solar and drive an electric car, you can greatly lower your carbon dioxide emissions by charging your car at home. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 100 pounds each year. If you want to do your part for the environment, you'll most likely recognize that there are many benefits of adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.