How Solar Energy Is Becoming More Affordable in the U.S.

How Solar Energy Is Becoming More Affordable in the U.S.

Whether you own a home or business, you’re paying every month to depend on a grid that can sometimes let you down — and always at the worst possible time. With solar energy, you can generate electricity to keep your lights, appliances, security systems and all your electronics running.

These systems lower monthly utility costs while actively working to minimize your impact on the environment, and they are getting more affordable to own. With advancements in technology and a range of other financial incentives, you can get a new solar system installed on your home or business for less than ever before.

Check Out Our Solar Services

Why Are Solar Panels Getting Cheaper?

Multiple factors contribute to solar panel costs, but they are all becoming more affordable as solar gains popularity nationwide. As the technology gets easier to produce and more providers enter the market, installation and maintenance continue to lower in price.

When you switch over to solar, you also get to take advantage of a valuable Federal Tax Credit. This incentive allows you to claim the cost of your solar system and installation as dollar-for-dollar deductions from your annual taxable income amount for the year, with no maximum amount. You may also qualify for other state and local financial benefits depending on location.

How Much Does It Cost to Install Solar Panels?

New solar systems are affordable upgrades — especially after you factor in the extra savings that you get with the tax credits you’ve earned. Homes and businesses vary in size and the amount of power they require. How much it costs to install a new system for your property will vary based on:

  • Complexity: Systems vary in design. The size and layout of yours will depend on how you need it to perform. In most cases, a new solar energy system includes panels for collecting energy, an inverter to power the building and racking used for mounting your equipment. If you want to go off the grid, you’ll also want to include batteries and controls to manage them.
  • Installation requirements: Professional installation is a sound choice any time you work with electricity. To ensure your safety and system stability, you should always hire a licensed, bonded and insured electrical contractor for installation. Your contractor can also take care of the minimal annual maintenance required to ensure your system stays in excellent condition.

How Popular Is Solar Energy?

Solar power (also known as photovoltaic or “PV” energy) experienced the highest growth ever in 2019, with over 200 gigawatts of electricity generated worldwide. These systems are very popular, and demand is going to continue growing as more people discover the benefits available when you cut ties with your local energy provider.

Talk to a Local Contractor to Learn About Solar Panel Affordability

Are you interested in learning more about solar energy? Talk to your local experts. At Lippolis Electric, we serve all of Westchester County, New York, with professional, courteous and experienced care. Contact us today to learn more about the different ways we can help you save money on your energy costs.   

 

Please note that your appointment is not set until confirmed by Lippolis Electric shortly after you've submitted the form.

Dates in blue qualify for special rates.

SunMonTueWed ThuFriSat

To schedule a FREE estimate or service, call 914-738-3550

Request Estimate Request Service