17 Best Solar Companies in Charlestown, RI (Mar 2023 Review)

The Cost and Benefits of Solar in Charlestown

We know that for most homeowners, the decision to invest in solar comes down to installation costs. A few important factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time are:

• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your utility bills, which can lead to an average of $21,000 of savings over 20 years.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will leave you with lower savings on electric bills than someone with a roof that gets lots of sunlight.
• Your current electric bills: Solar panels can dramatically reduce, or entirely eliminate, your utility bills. In Charlestown, you can save an average of $73 a month.
• The type of solar panel system you can buy: This is dependent on your income and budget.

Solar is a worthwhile investment for most homeowners. You can make your own electricity instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping preserve the environment.

Solar Incentives in Charlestown

In an effort to increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more affordable and accessible. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can benefit from to further save. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Charlestown

There are lots of reasons to trade traditional energy for solar energy, like saving money on electricity bills and helping to lower your carbon footprint. Something many homeowners might have in mind is how much can they really help save the environment by switching to solar power anyway? In a place like Charlestown where commute times can be pretty long, using solar power can help offset some of your carbon dioxide emissions from driving a lot. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.