16 Best Solar Companies in Wolcott, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Wolcott

The cost of installing solar panels has dropped significantly in the past several years, but it's still a significant investment for most homeowners. Some significant things that affect the cost and possible savings include:

• The type of solar panels you can purchase: This depends on how much you're willing to invest upfront.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• The amount of sunlight your home gets: Thanks to Wolcott's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Your current electricity bills: Solar panels can substantially reduce, or totally eliminate, your utility bills. In Wolcott, you can save an average of $57 a month.

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. The table below shows you the incentives you can find 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.