15 Best Solar Companies in Central Falls, RI (Aug 2022 Review)

The Cost and Benefits of Solar in Central Falls

We get that for most homeowners, the decision to invest in solar hinges on installation costs. There are several factors you should take into consideration when trying to figure out how much it will cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 26% of the project cost. Your state may also have various incentives that you can use. Plus, you can save about $20,000 over 20 years on your utility bills, without incentives.
• The make and model of solar panels you want: More efficient models have higher prices, so that will determine your budget for your solar project.
• The amount of sunlight your area gets: Thanks to Central Falls's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• How much energy costs for you: If your local electricity rates are high, there's a good chance you'll have a higher return on your investment in solar panels. In Central Falls, you can save an average of $73 a month on your electricity bills.

Although a solar panel system costs a good chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your house and your current power bills.

Solar Incentives in Central Falls

If you're thinking about switching to solar power, a number of government incentives and tax credits can immensely lower your project costs and speed up the return on your investment. There are a lot of federal, state and local rebates and tax credits that let you earn anywhere from 26% to 50% of your money back after installing a qualifying system. Take a look at the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Central Falls

If you're thinking of adding solar panels to your home, one of the primary reasons why may be to lower your greenhouse gas emissions. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Central Falls, though. In Central Falls, where the energy generation could be cleaner, going solar can have a big impact on the Earth since solar power has a lower carbon footprint. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 40 pounds each year. The benefits of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with using solar energy.