18 Best Solar Companies in Greenville, RI (Oct 2022 Review)

The Cost and Benefits of Solar in Greenville

We understand that for many homeowners, the choice to invest in solar hinges on installation costs. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $20,000 over 20 years with your solar panels, too.
• How much you spend on energy: The average family in Greenville shells out around $880 a year on energy use alone, so you could be looking at that much in savings.
• The make and model of solar panels you want: More high-tech panels have higher prices, so that will shape your budget for your solar project.
• Energy consumption: Installing solar panels may be too steep of an investment for families that don't consume a good amount of energy a month.

As a result of the cost of solar panels being lower than before as well as several solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Greenville

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. When you install solar panels on your house, you become eligible to 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. Plus, there are often some local incentives that you can use to further cut back on the cost of solar of solar panels. The table below shows you the incentives you can take advantage of in Greenville.

Environmental Impact of Switching to Solar in Greenville

If you're thinking of adding solar panels to your home, one of the main reasons why may be to reduce your carbon dioxide emissions. But — how much exactly can you help by making the switch to solar? If your family uses lots of energy, you can have an even greater impact on the planet by switching to solar power. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. The perks of solar power are plentiful — just like solar power is! That's why so many people have been happy with committing to solar.