18 Best Solar Companies in Yonkers, NY (Aug 2022 Review)

The Cost and Benefits of Solar in Yonkers

For lots of homeowners, the decision to invest in solar energy boils down to the cost. Some important factors that influence how much it will cost to install a solar panel system on your home and how much it could save you over time are:

• The type and model of solar panels you want to get: More high-tech panels have higher prices, so that will affect your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% 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 $30,000 over the first 20 years with your solar panels, too.
• Energy consumption: Installing solar panels may be an expensive investment for households that don't consume too much energy each month.
• Your home's power bills: Because of fairly high monthly electric bills in Yonkers, you could save about $1,300 a year with solar.

Due to the cost of solar panels being lower than before as well as several solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Yonkers

There are lots of reasons why adopting solar power is beneficial. One of them involves some government incentives that can save you money. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 26% of the cost of your solar panels. In addition, there are often some local incentives that you can use to further cut back on the cost of solar of solar panels. For detailed information about incentives that apply to you, see the table below.

Environmental Impact of Switching to Solar in Yonkers

There are a few primary reasons why homeowners are considering solar energy: for the good of their bank accounts and the planet. You may be wondering — how much do solar panels help the environment anyway? One thing that can dramatically affect your carbon footprint is your commute time and how much you drive altogether. If you go solar and drive an electric car, you can greatly cut back on your carbon dioxide emissions by charging your car at home. In Yonkers, the average person can lower their carbon footprint by 50 pounds a year once they go solar. For those who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.