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

The Cost and Benefits of Solar in Newport

We understand that for most homeowners, the decision to invest in solar hinges on installation costs. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $21,000 over 20 years on your energy bills.
• The amount of sunlight your house gets: Because of Newport's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Your income and budget: This shapes what kind of solar panels you can buy.
• How much energy costs for you: If your local utility rates are high, there's a better chance you'll end up with a higher return on your investment in a solar panel system. In Newport, you can save an average of $73 a month on your electricity bills.

Solar is a fruitful investment for most homeowners. You can produce your own power instead of paying for it from a utility company and make use of solar incentives and rebates, all while helping protect the environment.

Solar Incentives in Newport

One of the good things about installing a solar panel system is earning incentives from the government. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city incentives. The table below gives you an idea of the incentives you can benefit from in Newport.

Environmental Impact of Switching to Solar in Newport

One of the best reasons to embrace solar power is to minimize your reliance on traditional energy sources like burning fossil fuels, which are destructive for the environment. But you may be wondering — how much exactly can you help by making the switch to solar? If your household uses a lot of energy, you can have an even greater impact on the planet by switching to solar energy. Though solar panel production emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Newport, you can reduce your carbon footprint by 40 pounds a year with solar panels. The benefits of solar power are infinite — just like solar power is! That's why so many Newport residents have been happy with committing to solar.