Find Out How Solar Can Benefit You
Installing solar panels in New York is a great way to reduce your dependence on the local electrical grid. While few homeowners can achieve total electrical independence with solar installation, most recognize significant energy savings. At Solar Liberty, we offer a helpful solar calculator for location-specific estimates of potential solar savings.
How the Solar Calculator Works
Our solar calculator collects basic information about your property, your current energy use, and your location. Based on your input, it will reveal:
- The required size for your solar installation
- Your projected payback period
- CO2 reductions and other environmental benefits
- Expected energy savings
With an included, detailed list of state, federal, and local rebates and incentives, you can manually calculate your potential savings on solar installation.
Your payback period is the amount of time that it will take for your solar installation to pay for itself. With ongoing energy savings, net metering programs, and generous rebates that offset the upfront costs of going solar, many solar systems pay for themselves within just seven to 10 years. Our solar calculator will leverage location-specific data to determine the most likely payback period for you.
The solar calculator will give you deep insights into the environmental benefits of this important home upgrade. Not only will you learn about your possible reduction in greenhouse gas emissions, but you’ll also get an estimate of trees saved and other natural resources preserved.
Benefits of Using Solar Energy
According to the U.S. Department of Energy (DOE), for most residential and commercial property owners, solar installation is a long-term, low-risk investment with considerable pay-offs. As per the DOE, major incentives and ongoing energy savings provide significant returns over time. In addition to the size of your solar energy system, factors that impact how much you’ll benefit from a solar install include:
- The type, age, and quality of your roofing
- How much direct sunlight your home gets
- Your roof’s slope and size
- Electricity rates in your area
- How much energy you use
Also known as net metering programs, electricity buy-back programs differ from city to city and from one utility company to the next. If your solar energy system captures more electricity than your household can use, you can sell excess energy back to your utility service provider (USP) for cash rewards or to offset your future electricity bills.
Some homeowners opt to maximize their energy savings by investing in solar battery storage. Rather than selling excess electricity back to the grid, they store it for future use. If the net metering program in your area provides less-than-stellar rates, adding a solar battery to your solar installation will increase your long-term returns. It will also shorten the distance to your break-even point.
Local Incentives & Rebates
Many utility companies and New York State authorities provide generous rebates to offset the costs of solar equipment. You can check with your USP to learn which offers are available in your area. Our solar calculator will identify nearby offers and provide general estimates of offer amounts. Installing solar might also qualify you for a federal tax credit under the 2022 Inflation Reduction Act as a home efficiency improvement.
You can take advantage of local, state, and federal incentives at once. Pairing these savings opportunities will greatly limit your out-of-pocket costs and the duration of your payback period. However, most government agencies and USPs have finite funding for these rewards. As such, some rebates and incentives are limited-time offers supplied on a first-come, first-served basis. The sooner that you apply, the more likely you are to obtain funding.
To qualify for incentives, you must install a qualifying solar energy system. Issuing authorities often require comprehensive system inspections before approving applications.
Why Choose Solar Liberty for Solar Installation?
At Solar Liberty, we help property owners unlock the potential of their homes and businesses with high-quality solar energy systems. We also help our clients make informed decisions with helpful resources like our solar calculator. When you work with us, you’ll get all the support you need for qualifying for local, state, and federal incentives and rebates. You may even qualify for financing on approved credit.
As New York’s largest solar installation company, we pride ourselves in remaining at the cutting-edge of our industry. To learn more about how solar can benefit you, take advantage of our solar calculator or give us a call today!
