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

The Cost and Benefits of Solar in Newport

The cost of putting up a solar panel system has gone down greatly in the past several years, but it's still a large investment for most homeowners. A few key factors that influence the cost of installing solar panels on your home and how much it could save you over time are:

• The amount of sunlight your roof gets: Because of Newport's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• The kind of solar panels you can afford: This is dependent on how much you're willing to invest upfront.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can result in an average of $21,000 of savings over 20 years.
• How much electricity your home consumes: Households that use lots of electricity each month may require more solar panels and, consequently, more upfront cost, but will also enjoy more savings over time.

So is a solar system worth it? Whether you hope to decrease your electricity costs, carbon dioxide emissions or both, solar panels are a solid investment for many Newport homeowners.

Solar Incentives in Newport

Because solar power is a cleaner source of energy than fossil fuels, there are several government incentives in place to encourage its adoption. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city rebates and benefits. For more information about incentives for homeowners in Newport, check out the table below.

Environmental Impact of Switching to Solar in Newport

Many want to do what they can to help the planet, which for many is the main reason for installing solar panels. You may be trying to figure out — how much does making the switch help the planet anyway? The average person has a substantial carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions every year, and electricity for their home, it can be overwhelming to figure out what to do. Using solar power is a simple thing you can do to help. Even though solar panel production emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used nonrenewable energy. In Newport, you can reduce your carbon footprint by 40 pounds a year with solar panels. The advantages of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.