16 Best Solar Companies in Wolcott, NY (Jan 2023 Review)

The Cost and Benefits of Solar in Wolcott

When choosing a solar company, most homeowners or business owners care about the costs above all. There are a few factors you should take into consideration when determining the overall cost and how much you can save, including:

• Typical energy usage: The more electricity your home uses on average and the steeper your current electricity bills are, the more money you could save by making the switch to solar.
• Your current electricity bills: Solar panels can greatly lower, or entirely get rid of, your utility bills. In Wolcott, you can save an average of $57 a month.
• Choice of solar panels: The kind of solar panels you need 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 go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.

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, such as the angle of your roof and your local electricity rates.

Solar Incentives in Wolcott

If you're thinking about switching to solar power, several government incentives and tax credits can greatly reduce the cost of the project and expedite the return on your investment. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly pair the ITC with other state and city incentives. Our article on solar incentives goes over more in-depth information on the incentives you can benefit from in Wolcott.

Environmental Impact of Switching to Solar in Wolcott

If you're considering adding solar panels to your home, one of the main reasons why may be to reduce your greenhouse gas emissions. But how much can using solar energy instead of traditional energy actually affect the environment? An important thing to keep in mind is your overall carbon footprint. For example, if your commute is very long, your footprint may be greater, so adopting solar energy for your home can help offset that. Although solar panel production emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used nonrenewable energy. In Wolcott, you can reduce your carbon footprint by 20 pounds a year with solar panels. The perks of solar power are plentiful — just like solar power is! That's why so many Wolcott residents have been happy with using solar energy.