16 Best Solar Companies in Mexico, NY (Jan 2023 Review)

The Cost and Benefits of Solar in Mexico

The cost of putting up a solar panel system has decreased immensely in the past few years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• How much you spend on energy: The typical family in Mexico spends around $650 a year on home energy use alone, so you could end up with that much in savings.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much power your household needs: If your household uses a lot of energy, you'll benefit more from going solar.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your power bills, which can result in an average of $13,000 of savings over 20 years.

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

One of the benefits of installing a solar panel system is receiving incentives from the government. These incentives usually include cash rebates, tax credits and/or solar renewable energy credits. They can lower the cost of going solar by 30%, upwards of 50% depending on your location. You can find out about the incentives available to you in our article on solar incentives

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.