11 Best Solar Companies in Newport, IL (Mar 2023 Review)

The Cost and Benefits of Solar in Newport

Although solar panels can help save you a decent chunk of change on power bills over time, it's important to know the upfront costs. There are several factors you should consider when determining the overall cost and how much you can save, including:

• The kind of solar panel system you can buy: This hinges on your income and budget.
• Energy consumption: Solar may be too steep of an option for households that don't need too much energy per month.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• How much you spend on energy: The typical household in Newport pays around $900 a year on electricity alone, so you could gain that much in savings.

So is a solar system worth it? Whether you're trying to lower your electric bills, carbon emissions or both, solar panels are a solid investment for many Newport homeowners.

Solar Incentives in Newport

Although a solar power system is typically a large investment, it can save you a substantial amount of money in the long term because of lower energy bills and government incentives. There are a lot of federal, state and local rebates and tax credits that let you earn a decent amount of money in return after installing a qualifying system. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Newport

There are many reasons to trade traditional energy for solar power, like saving on utility bills and helping to reduce your carbon footprint. But how much can switching to solar actually help the environment? If your home consumes a lot of energy, you can help the environment even more by switching to solar power. Even though making solar panels releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have released if you still used traditional energy. In Newport, you can reduce your carbon footprint by 90 pounds a year with solar panels. If you want to do what you can for the environment, you'll no doubt find that there are many good things about adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.