How Exactly Does Bedford NY Solar Save You Money?
With Bedford NY solar you can gain energy independence while saving money over the lifetime of your system. Solar is promoted as being one of the best ways to save money at home, but the details on how exactly this is done are sometimes lacking. Solar reduces your utility bill, but there are also other subtle ways that solar pays off in the long term. Most families don’t just save with Bedford home solar; they also generate a strong return on investment. Is it worth it? Learn how you save money with Bedford NY solar and choose the most experienced solar installers in Westchester County to get things done right the first time.
Net Metering for Bedford Home Solar
Net metering is one of the most significant ways that you can save money with Bedford home solar.
When your solar panels are running during the day, your home’s electricity consumption can be covered by the energy generated. Even with this, your system will reduce the amount of money that you owe to your utility company every month.
In most cases, daily production will actually be more than you use at home, so what happens to the excess? Under net metering, you can export the excess electricity back to the grid, which will spin your meter in reverse. This then helps to cover the energy that you use in the evenings when the sun goes down. The credits generated by this will carry over to the next billing cycle. If you end the year having exported more than you imported, your utility provider will pay you for the difference.
With net metering alone, you can save a significant amount of money over the expected 25 to 30-year lifespan of Bedford home solar.
Incentives Available for Bedford Solar Installation
You could even save money in the process of simply booking a Bedford solar installation.
There are various tax credits and incentive programs available to families in New York. You could claim a personal state tax credit based on the cost of your Bedford solar installation. And, there’s also a massive 30% tax credit available through a federal program that helps to offset the cost of going solar.
In New York, NYSERDA also offers a direct incentive that is taken off the top of your bill, so you’ll get a discount before you even put any money down.
You don’t have to pay for your system outright to enjoy these savings. Expected tax credits can even be applied to a split-financing model with New York Power Solutions. An initial interest-free period will be based on expected credits, and this is with no money down. You can pay this initial loan in full once your credits are received. The rest of the bill can then be distributed over a standard term of your choosing, with a low interest rate.
The incentives available for Bedford NY solar installation are better than ever, making now the perfect time to get solar at home.
Battery Backup with Solar Installers in Bedford NY
You can also boost your savings with the addition of battery backup. You can talk to your solar installers in Bedford NY to determine if this type of installation is right for you. A battery system could store energy during the day and deploy it in the evenings to offset peak rates. You could potentially save even more on your monthly utility bill. A solar battery can also be used as a backup system if the grid goes down, giving you real energy independence.
With New York Power Solutions you’ll get a detailed cost/benefit analysis before you commit to installing solar, so you’ll know if the extra cost of a battery backup is worth it.
How Long Does It Take for Bedford NY Solar to Pay Off?
Most Bedford NY solar installations pay through in the first eight years. This means that the savings generated in that time are equal to the cost of the solar system after rebates. This can vary depending on how you set up the financing.
Because solar panels last for decades, you’ll have plenty of time to recoup your costs and generate a return on investment. Solar is one of the smartest things you can do to make your home more efficient and save money.
Choose the Best Bedford Home Solar Installers
New York Power Solutions is the most experienced Bedford NY solar installation company. You can get your free online estimate today, based on satellite data. We’ll then take you through the process of an energy savings evaluation and will provide a cost/benefit analysis so you can make an informed decision.
Choose the right team and save money with Bedford NY solar. At New York Power Solutions, we provide the information, and you make the choice.