13 Best Solar Companies in Wayland, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Wayland

The cost of installing a solar panel system has decreased immensely over the past several years, but it's still a substantial investment for most homeowners. There are several factors you should consider when trying to determine costs and your potential savings, such as:

• How much you spend on energy: If your local electricity rates are high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Wayland, you can save an average of $53 a month on your electricity bills.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to make as much energy, which will leave you with lower savings on power bills than a roof that gets plenty of sunlight.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $13,000 over the first 20 years with your solar system, too.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more 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 go with a higher number of more affordable panels.

Thanks to the cost of solar panels being lower than before as well as several solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Wayland

Although solar power is typically a large investment, it can save you a substantial amount of money over time because of lower power bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Wayland

A lot of people want to do their part to help save the planet, which in many cases is the primary reason for installing a solar system. But — how much exactly can you help the environment by going solar? The average person has a sizable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and powering their home, it can be overwhelming to think about what to do. Going solar is a practical thing you can do to help. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have released if you still used traditional energy. In Wayland, you can reduce your carbon footprint by 20 pounds a year with solar panels. The good things about solar power are abundant — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.