16 Best Solar Companies in Wading River, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Wading River

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to set up your panels. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• How much electricity your household consumes: Homes that use lots of energy each month may require more solar panels and, therefore, be more expensive, but will also benefit more over time.
• Incentives: Something that can reduce the cost of 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 utility bills, which can give you an average of $22,000 of savings over 20 years.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• How much energy costs for you: The typical household in Wading River shells out around $900 a year on home energy use alone, so you could gain that much in savings.

There are many good benefits of solar despite the initial cost of installation. It can help the Earth and your finances. Additionally, it can raise the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Wading River

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you much money over many years because of smaller energy bills and government incentives. In addition to the federal solar investment tax credit, there are also some state- and city-level incentives, which in the majority of cases, stack with the federal incentive, so you get to save even more. For detailed information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Wading River

Going solar can have a beneficial impact on the environment. Something many might be asking themselves is how much can they really help protect the environment by going solar anyway? In Wading River, where the energy generation produces a lot of greenhouse gasses, going solar can have a huge effect on the environment since solar power is an abundant source of clean energy. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 100 pounds each year. If you care about the environment, you'll likely find that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.