18 Best Solar Companies in Woodbury, NY (2023 Reviews)

The Cost and Benefits of Solar in Woodbury

The cost of installing a solar panel system has decreased significantly in the past several years, but it's still a significant investment for most homeowners. There are several factors you should consider when trying to figure out the overall cost and how much you can save, such as:

• How much energy your household consumes: Homes that use a lot of energy each month may call for more solar panels and, therefore, be more expensive, but will also benefit more over time.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can result in an average of $23,000 of savings over 20 years.
• How much energy costs for you: The typical family in Woodbury shells out around $1,000 a year on electricity alone, so you could be looking at that much in savings.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.

Though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, including the angle of your roof and your local electricity rates.

Solar Incentives in Woodbury

One of the benefits of installing a solar panel system is earning government incentives. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Woodbury

There are many reasons to trade traditional energy for solar power, like saving on utility bills and helping to reduce your carbon footprint. But — how much exactly can you help by using solar power? One thing to keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. If you go solar, your carbon footprint can be lowered by about 20 pounds a year. If you care about the environment, you'll likely get that there are many good things about adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.