12 Best Solar Companies in Newtown Grant, PA (Mar 2023 Review)

The Cost and Benefits of Solar in Newtown Grant

For many people, the decision of which solar installer to choose depends on total costs. There are several factors you should take into consideration when trying to determine costs and your potential savings, such as:

• Average daily sunlight: Since Newtown Grant gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• Your power bills: This will influence how much money you might save. In Newtown Grant, the average resident can save about $1,100 a year on their electricity bills.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.

Though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your local electricity rates.

Solar Incentives in Newtown Grant

There are lots of reasons why going solar is a great investment. One of them consists of some government incentives that can save you money. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can benefit from to further save. For detailed information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Newtown Grant

There are a few main reasons why many people want to invest in solar energy: to put more money in their bank account and to help the planet. But you may be curious — how much exactly can you help the environment by making the switch to solar? A significant thing to think about is your overall carbon footprint. For example, if your commute is very long, your footprint may be bigger, so switching to solar energy for your home can help offset that. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Newtown Grant, you can reduce your carbon footprint by 50 pounds a year with solar panels. For those who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.