14 Best Solar Companies in East Providence, RI (Jul 2022 Review)

The Cost and Benefits of Solar in East Providence

We understand that for lots of homeowners, the decision to invest in solar highly depends on installation costs. There are quite a few factors you should consider when trying to figure out the overall cost and how much you can save, including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total 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 $20,000 over the first 20 years with your solar panels, too.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• Your current power bills: Solar panels can greatly reduce, or entirely get rid of, your utility bills. In East Providence, you can save an average of $73 a month.
• Electricity consumption: The average home in East Providence doesn't use much energy, and consequently may not see as many savings on their power bills.

So is installing solar panels worth it? Whether you're trying to lower your energy bills, greenhouse gas emissions or both, solar panels are a good investment for many East Providence homeowners.

Solar Incentives in East Providence

Switching to solar power has lots of wonderful benefits. Not only can it help preserve the Earth, but you can also save some money on your installation with various government incentives. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 26% of the cost of your solar panels. Additionally, there are often some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. For comprehensive information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in East Providence

Many want to do their part for the environment, which in many cases is the prime reason for installing solar panels. You may be asking yourself — how much does making the switch help the environment anyway? The average person has a rather large carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and powering their home, it can be overwhelming to figure out what to do. Installing solar panels is one of the easiest things you can do to help. In East Providence, the average person can lower their carbon footprint by 40 pounds a year after going solar. Since solar energy is plentiful and generates electricity without a carbon footprint, installing solar panels is one easy step you can take to help preserve the environment.