18 Best Solar Companies in Preston, ID (Feb 2023 Review)

The Cost and Benefits of Solar in Preston

The cost of installing solar panels has dropped significantly over the past few years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• How much energy your home consumes: Homes that use a lot of power each month may need more solar panels and, as a result, be more costly, but will also save more on their energy bills over time.
• Average daily sunlight: Since Preston gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a solid investment for most homeowners.

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 our article on solar incentives

Environmental Impact of Switching to Solar in Preston

A lot of people want to do what they can to help save the environment, which in many cases is the main reason they're interested in installing a solar system. But you may be wondering — how much exactly can you help the environment by using solar power? The EPA reports that electricity production is the second greatest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Using solar power can help put a dent in that number in a city like Preston that accounts for a fair amount of carbon dioxide emissions each year. In Preston, the average homeowner can lower their carbon footprint by 60 pounds a year after going solar. If you care about the environment, you'll no doubt find that there are many good things about adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.