16 Best Solar Companies in Waverly, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Waverly

We know that for lots of homeowners, the decision to invest in solar hinges on installation costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• The type of solar panels you're planning on getting: More efficient panels are more highly priced, so that will influence your budget for your solar project.
• Your current energy bills: Solar panels can noticeably lower, or entirely eliminate, your utility bills. In Waverly, you can save an average of $46 a month.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. In addition, you can save about $11,000 over 20 years on your utility bills, before factoring in incentives.
• How much sunlight your roof gets: This, plus the configuration of your roof, affects affect how much energy your solar panels can generate.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, including the size of your house and your current power bills.

Solar Incentives in Waverly

If you're thinking about switching to solar energy, a number of government incentives and state programs can immensely lower your project costs and expedite the return on your investment. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly stack the ITC with other local incentives. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Waverly

One of the best reasons to embrace solar power is to decrease your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Waverly, though. In a city like Waverly where energy use is somewhat high, making the switch to solar power is a great plan for households who care about the planet. Though making solar panels releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used traditional energy. In Waverly, you can reduce your carbon footprint by 20 pounds a year with solar panels. If you want to do what you can for the environment, you'll likely recognize that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.