18 Best Solar Companies in Pascoag, RI (Jul 2022 Review)

The Cost and Benefits of Solar in Pascoag

Although solar panels can save you a decent chunk of change on utility bills over time, it's necessary to know the upfront 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 deduct 26% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $21,000 over 20 years with your solar system, too.
• System size and type: Some models are more expensive than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Energy consumption: Solar may be a high-cost investment for homes that don't need a good amount of energy per month.
• How much energy costs for you: The typical household in Pascoag shells out around $910 a year on energy alone, so you could end up with that much in savings.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a solid investment for most homeowners.

Solar Incentives in Pascoag

One of the benefits of installing a solar panel system is receiving federal and potentially state incentives. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 26% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can take advantage of to further save. For more information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Pascoag

There are a few primary reasons why people are interested in solar energy: for the good of their bank accounts and the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Pascoag, though. One thing that can drastically influence your carbon footprint is how long your commute is and how much you drive in general. If you switch to solar power and have an electric car, you can greatly reduce your carbon dioxide emissions by charging your car at home. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.