How Solar Costs Has Contributed to Massive Growth in Renewables
Neighborhoods in New York are changing. We’re not talking about the people or even the architecture. We’re talking about the way that homes are powered. Drive through the average neighborhood on Long Island, or even through the Hudson Valley, and take a look at the rooftops. It’s becoming more and more common to see solar panels up there. A large reason for this is lower solar costs.
As solar costs have decreased, more families have taken the renewable route. And the benefits they are enjoying are immense.
Three Key Factors Contribute to the Growth of Solar Power in New York
There are three main drivers in the growth of solar power in New York. They are all important, but for the average homeowner, the solar cost matters the most.
- Solar panel costs have decreased by more than 60% in the last decade.
- Solar has become more practical and usable for families.
- Solar is now seen as necessary.
The U.S. Congress is about to pass the Inflation Reduction Act of 2022. This act is largely a climate bill. It allocates up to $370 billion in spending for climate goals. America aims to reduce its greenhouse gas emissions by 40% by 2030. That’s where the necessity comes in. Climate change is now affecting Americans in a real way with unpredictable weather patterns and unprecedented severe weather events. Reducing emissions can slow the rate of climate change.
When it comes to solar costs and the practical aspect, there are advantages that your family can enjoy now by switching to solar power in New York.
Making Solar Installation in New York More Affordable
The decrease in the cost of solar panels means that you can get a larger solar installation in New York for a comparative amount of money as a small system a decade ago. This means that you can power your home during the day with nothing but solar. And, in most cases, you’ll have energy left over to export to the grid.
You’ll get credits under a Net Metering agreement with your provider when you export energy. Credits can then be used for the energy you export during the evenings or on low-solar days.
Solar costs are also kept low with help from the government. Tax incentives for solar include credits for property and personal tax. There are also state-funded rebates that are applied directly to the top of your bill. The Inflation Reduction Act of 2022 will ensure that a large federal tax rebate is available for at least the next ten years.
At New York Power Solutions, we keep things affordable by being as efficient as possible. Our commitment to excellence in design and engineering ensures you get more solar for your money. With our 25 Year Warranty, you’ll have long-term peace of mind.
A solar installation in New York doesn’t just save you money by reducing your electric bill. You’ll also generate a return on your investment. The savings end up right back in your pocket once your system is fully paid off.
Competitive Solar Costs with New York Power Solutions
You don’t have to guess about the solar installation cost in New York. You can get a free ballpark solar estimate online today. With this, you can decide to move ahead with a detailed on-site inspection. We’ll check that your home is ready for solar and provide a final estimate and a cost/benefit analysis.
We provide detailed solar consultations to understand your needs. Ultimately, we want you to save money while enjoying the practical and environmental benefits of solar power in New York.
Solar costs have dramatically decreased, and switching is now easier than ever. Is your family ready? New York Power Solutions is here to get started on your project.