16 Best Solar Companies in Mexico, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Mexico

When deciding on a solar company, most homeowners or business owners care about the costs above all. The cost and possible savings vary depending on a few important factors such as:

• Choice of solar panels: The type of solar panels you choose 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.
• Energy consumption: Solar may be an expensive investment for homes that don't consume a good amount of energy a month.
• Your current energy bills: Solar panels can greatly decrease, or entirely get rid of, your utility bills. In Mexico, you can save an average of $54 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $13,000 over 20 years with your solar system, too.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Mexico

If you're planning on making the switch to solar energy, a number of government incentives and subsidies can dramatically bring down the installation costs and speed up the return on your investment. These incentives usually include cash rebates, tax credits and/or solar renewable energy credits. They can lower the cost of going solar by 26 to 50% in some cases. In the table below, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Mexico

There are tons of reasons to trade traditional energy for solar power, like saving on utility bills and helping to lower your carbon footprint. But — how much exactly can you help the planet by using solar power? A significant thing to think about is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so adopting solar energy for your home can help offset that. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Mexico, you can reduce your carbon footprint by 20 pounds a year with solar panels. The great things about solar power are infinite — just like solar power is! That's why so many homeowners have been happy with using solar energy.