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

The Cost and Benefits of Solar in Pascoag

The cost of putting up a solar panel system has decreased immensely over the past several years, but it's still a large investment for most homeowners. There are several factors you should consider when trying to figure out costs and your potential savings, including:

• Your power bills: This will determine how much money you might save. In Pascoag, the average homeowner can save about $910 a year on their electricity bills.
• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• The type and model of solar panels you're planning on getting: More efficient models are more highly priced, so that will influence your budget for your solar project.
• Incentives: One thing that can reduce the cost of 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 on your power bills, which can result in an average of $21,000 of savings over 20 years.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Pascoag

If you're planning on switching to solar energy, various government incentives and state programs can greatly lower your project costs and expedite the return on your investment. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there are often some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. Take a look at the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Pascoag

Lots of people want to do what they can to help save the planet, which in many cases is the prime reason for installing solar panels. But — how much exactly can you help the environment by making the switch to solar? A key thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be greater, so adopting solar energy for your home can help offset that. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Pascoag, you can reduce your carbon footprint by 40 pounds a year with solar panels. As you can see, going solar has so many other benefits apart from saving money. One of the primary ones is that you can help save the Earth too.