17 Best Solar Companies in Wales, NY (Feb 2023 Review)

The Cost and Benefits of Solar in Wales

Although solar panels can save you a good amount of money on power bills over time, it's important to consider the upfront costs. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Your power bills: This will influence your savings. In Wales, the average homeowner can save about $590 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can benefit from. In addition, you can save about $12,000 over 20 years on your utility bills, before factoring in incentives.
• Energy consumption: Installing solar panels may be too pricey an investment for families that don't need too much energy per month.
• The model of solar panels you're planning on getting: More efficient panels are more highly priced, so that will shape your budget for your solar project.

Solar is a worthwhile investment for most homeowners. You can generate your own energy instead of paying for it from the grid and make use of solar incentives and rebates, all while helping the Earth.

Solar Incentives in Wales

There are many reasons why going solar is a great investment. One of them includes some government incentives that can help save you some money. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Wales

One of the reasons so many are considering going solar is to help bring down their environmental impact. But you may be wondering — how much exactly can you help by using solar power? One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 20 pounds each year. Since solar power is plentiful and makes electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help preserve the planet.