18 Best Solar Companies in Waterford, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Waterford

When deciding on a solar company, most homeowners or business owners think about the costs the most. There are quite a few factors you should consider when trying to figure out the overall cost and how much you can save, such as:

• The model of solar panels you can buy: This is dependent on what your budget is.
• Your power bills: This will impact how much you can save. In Waterford, the average homeowner can save about $650 a year on their electricity bills.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar system won't be able to produce as much energy, which will give you lower savings on electricity bills than a roof that gets a lot of sunlight.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $14,000 over 20 years on your energy bills.

As a result of the cost of solar panels being lower than before as well as various solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Waterford

Because solar power is a cleaner source of energy than burning fossil fuels, there are some government incentives available to encourage people to make the switch. These incentives usually consist of cash rebates, tax benefits and/or performance-based incentives. They can reduce the cost you pay for going solar by 30%, upwards of 50% depending on your location. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Waterford

Lots of people want to do what they can for the environment, which often is the prime reason for installing a solar system. Something many might be asking themselves is how much can they really help protect the environment by switching to solar power anyway? In a place like Waterford where commute times can be pretty long, using solar power can help help reduce the carbon footprint of being on the road a lot. If you go solar, your carbon emissions can be cut by about 20 pounds every year. Since energy from the sun is abundant and makes electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help the planet.