18 Best Solar Companies in Preston, ID (Oct 2022 Review)

The Cost and Benefits of Solar in Preston

For lots of homeowners, whether or not to invest in a solar energy system comes down to the cost. A few main factors that affect how much it will cost to install solar panels on your home and how much it could save you over time are:

• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will leave you with lower savings on electricity bills than a roof that gets plenty of sunlight.
• How much energy your household consumes: Homes that consume plenty of energy each month may call for more solar panels and, as a result, more upfront cost, but will also enjoy more savings over time.
• Your income and budget: This shapes what model of solar panels you can afford.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. In addition, you can save about $18,000 over 20 years on your utility bills, not including incentives.

Solar is a worthwhile investment for most homeowners. You can make your own power instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping the planet.

Solar Incentives in Preston

To increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other local incentives. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Preston

Lots of people want to do their part to help protect the environment, which often is the main motivation to install a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Preston, though. As reported by the EPA, electricity production is the second largest source of greenhouse gas emissions and about 62% of our electricity is generated by burning fossil fuels. Using solar power can help bring down that number in a city like Preston that generates a fair amount of carbon dioxide emissions each year. In Preston, the average resident can reduce their carbon footprint by 60 pounds a year once they go solar. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.