Is There a Downside to Solar for Your Home?
Solar power in New York has become incredibly popular. Families are saving money and securing their energy independence. If you’ve been thinking about solar, you’ve probably wondered about the pros and cons. Is there a downside to solar? What are the long-term benefits?
Making the right investment for your home depends on having all the right information. Let’s look at the pros and cons of solar power in New York and see if it’s the right choice for you.
The Cost of Switching to Solar
If you wanted to nitpick a downside for solar power, the only thing that you would come up with is the cost. The cost of solar is significant even though it has come down hugely in the last 20 years. However, it’s critically important to put that cost into perspective.
The cost of solar isn’t an actual expense. Instead, you can think of it as an investment. That’s because your solar system will generate savings over time, and it will return these savings to you so that you’ll come out the other side better off.
The average cost for a solar system in the United States is around $16,000. However, the real cost is lower. This is thanks to some generous incentives provided by the federal and state governments. On the state side there’s an income tax credit, a direct incentive based on the size of your solar system, and if you’re in New York City, you can enter a residential tax abatement program.
The most significant tax benefit is a 30% tax credit available from the federal government based on the total cost of your installation.
These federal and New York solar tax credits can significantly reduce the cost of solar for your home, and, in a way, they negate the only real issue that most people have when thinking about a solar installation.
There’s also the fact that you don’t have to pay for your entire system outright. You can get SMART solar financing with no money down and an interest free period at the start of the loan, based on your incoming federal and New York solar tax credits.
So, is there a downside to solar? With everything we’ve said in mind, the answer for most families is no.
Now Let’s Look at The Benefits of Solar Power In New York
The cost might seem like a downside for solar power in New York, but it’s offset by the fact that solar provides a return on investment and that you can get some excellent tax credits and incentives.
Let’s consider some of the key benefits of having solar at your home:
- Solar power is more environmentally friendly.
- A solar installation can pay for itself in the first ten years of ownership.
- Solar panels last for up to 30 years. That’s plenty of time to generate your return on investment.
- You can get protection from outages with a solar battery system.
- Energy that you export to the grid will spin your meter in reverse so good days will help to offset the bad days for solar production.
All in all, most families who choose solar will benefit from the investment. You don’t have to go into this blind. With New York power solutions you can get a detailed cost benefit breakdown that will explain the cost and long term returns of getting solar power for your home.
There Is No Real Downside to Solar – It’s Time for Your Free Home Solar Estimate
The only way to find out if solar is right for you is to get your free home solar estimate in New York. Having a New York solar installation is right for many families although that doesn’t mean that solar is perfect for every home. You’ll have the benefit of a detailed consultation and all the information up front so that you can make an informed decision.
The team at New York power solutions is ready to help you make the transition to clean energy. Find out if there is a downside to solar in your case. More likely, you’ll see that there are significant practical and financial benefits to making the switch. We provide the information. You make the choice.
Your free home solar estimate is ready today. Start the consultation process and you’ll see that it’s very rare to find a downside to solar for your home in New York.