16 Best Solar Companies in Middletown, RI (Jul 2022 Review)

The Cost and Benefits of Solar in Middletown

For many people considering switching to solar, the decision of which solar installer to go with depends on how much it'll cost. Some main factors that affect how much it will cost to install solar panels on your home and how much it could save you over time are:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 26% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. In addition, you can save about $21,000 over 20 years on your utility bills, before factoring in incentives.
• Electricity consumption: The average home in Middletown doesn't use much energy, and so may not see as many savings on their power bills.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your city: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.

Even though 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 amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Middletown

Although installing solar panels is typically a big investment, it can save you a significant amount of money over the lifespan of your solar panels due to smaller power bills and government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 26% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. Take a look at the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Middletown

There are many reasons to switch to solar power, like saving money on utility bills and helping to reduce your carbon footprint. But — how much exactly can you help by making the switch to solar? In a city like Middletown where commute times can be long sometimes, going solar can help offset some of your carbon dioxide emissions from driving a lot. When you go solar, your carbon footprint can be reduced by about 40 pounds each year. The perks of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with using solar energy.