There are several best times to install solar panels Monroe NY. According to recent data, the average residential solar system in Monroe can vary greatly depending on solar estimates in New York state. Notably, customers can significantly reduce these installation costs down over $8,000 with tax credits and incentive programs. However, these financial savings will not be around forever. As a homeowner in the market for solar, you need to know the best time to install rooftop solar panels on your home. This way, you can maximize your savings and ensure your installation runs smoothly. Read on to learn discover the best time to install solar panels Monroe NY.
First, you should try to install your solar panels Monroe New York before 2024. Notably, the United States government offers a federal investment tax credit (ITC) for homeowners who purchase their rooftop solar system. With this incentive, you can offset your installation price by over 26% while reducing solar electric costs in NY. To qualify, your solar energy contractors must install your system must before the end of the tax year you are filing for. Thus, beginning your solar project in late summer or early fall can ensure you have enough time before the tax window closes. Importantly, this tax credit is set to drop to 22% in 2023. By 2024, it will end completely for homeowners. Therefore, install your Monroe NY solar system before 2024 to maximize you savings.
Next, many solar panel professionals also recommend fall solar panel installations in Monroe NY. Notably, there is a common misconception that solar panels do not work during cooler temperatures. However, solar panels generate energy from the sun’s light, rather than heat. According to recent research, solar panels actually begin to lose their efficiency around 77 degrees Fahrenheit. Thus, solar systems actually perform better in chillier environments. By installing the fall months, you can start producing renewable energy at a higher rate. Plus, you can potentially expedite your installation timeline as summer demand slows down. Definitely, fall is a great time to install solar panels Monroe NY.
In addition, you can install your solar panels Monroe New York during the winter. Notably, fewer customers choose to install during the colder months. Thus, you can avoid scheduling backups and wait times. By installing in the winter, you also ensure that your system is up and running by the time summer comes. As temperatures increase and homeowners use more power for air conditioning, electric bills tend to increase as well. With solar contractors and other areas’ site evaluations, permit paperworks, and demand, installations that start mid-summer may not be complete by the time you turn the A/C off for the year. Thus, you can miss out on electric savings. To get the most out of your Monroe New York solar system, consider installing your solar panels during the winter.
When You’re Looking To Sell Your Home
Moreover, it is also a great time to install solar panels in Monroe County when you’re looking to sell your house. On average, rooftop solar systems can raise your home’s value by over 4% in the United States. For a home that valued at about $226,000, this can boost the sale price by over $9,000. In addition, solar panels can also sell your home faster. Indeed, many new homeowners are excited at the opportunity for low electric bills. Plus, customers are increasingly becoming more eco-conscious. For a faster, higher-value sale, install Monroe New York solar panels when you’re looking to sell your house.
The Cost Of Waiting
Furthermore, you need to understand the cost of waiting as you look to install a residential Monroe NY solar system. Importantly, every year you delay your solar decision is another year you miss out on the financial benefits. Additionally, average electricity prices are rising a few percentage points per year. For example, the typical U.S. household spends about $1,300 per year on electricity. If you buy a system that meets 100% of these energy needs, you can have an extra $1,300 one year later. When prices go up the following year, you may save up to $1,400 on your solar installation Westchester NY and other areas. Over the 25-to-35-year lifespan of your solar system, these savings are significant. Certainly, install your rooftop Monroe NY solar system as fast as possible to lower the cost of waiting.
There are several best times to install solar panels Monroe NY. First, you should try to install your solar panel system before 2024 to get the best incentives. Next, fall installations are great to get high energy production from the start. In addition, winter installations can lower your electric bill in time for the following summer. Moreover, it’s also great to invest in solar panels when you’re looking to sell your home. Furthermore, it is critical to understand the cost of waiting as you consider when to install your rooftop system. Consider these points to learn about the best time to install solar panels Monroe NY.