17 Best Solar Companies in Newport East, RI (Mar 2023 Review)

The Cost and Benefits of Solar in Newport East

Even though solar panels can save you a good amount of money on energy over time, it's necessary to consider the upfront costs. Some significant things that affect the upfront cost and potential savings over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $21,000 over 20 years with your solar system, too.
• Average daily sunlight: Since Newport East gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• Your home's power bills: Because of high monthly electricity bills in Newport East, you could save about $880 a year with solar.
• The model of solar panels you want: More efficient models have higher prices, so that will influence your budget for your solar project.

Because of solar panels decreasing in cost as well as several solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Newport East

One of the benefits of installing a solar panel system is receiving incentives from the government. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Newport East

Lots of people want to do their part for the environment, which often is the prime reason for installing a solar system. But how much can installing solar panels actually affect the environment? The more power your house uses, the better off the planet will be from you switching to solar since you won't have to burn as many fossil fuels. While solar panel production emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used nonrenewable energy. In Newport East, you can reduce your carbon footprint by 40 pounds a year with solar panels. If you want to do what you can for the environment, you'll most likely recognize that there are many benefits of adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.