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

The Cost and Benefits of Solar in Warwick

Even though solar panels can save you money on electricity bills over time, it's necessary to know the startup 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: Those who install a solar energy system this year can save 26% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $20,000 on your electricity bills over 20 years not including incentives.
• The cost of electricity in your area: If your local energy rates are high, there's a better chance you'll have a higher return on your investment in a solar system. In Warwick, you can save an average of $73 a month on your electricity bills.
• Typical energy usage: The more power your household consumes on average and the steeper your current power bills are, the more money you could save by switching to solar.
• The amount of sunlight your rooftop gets: Because of Warwick's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.

Though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your local electricity rates.

Solar Incentives in Warwick

There are a lot of reasons why going solar is a great investment. One of them involves some government incentives you can take advantage of. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 26% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. Check out the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Warwick

One of the most compelling reasons to tap into solar power is to decrease your reliance on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. You may be trying to figure out — how much do solar panels do for the planet anyway? The average person has a rather large carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions a year, and powering their home, it can be overwhelming to think about what to do. Using solar power is one of the easiest things you can do to help. When you go solar, your carbon dioxide emissions can be cut by about 40 pounds a year. As you can see, going solar has so many other perks outside of saving money. One of the most important ones is that you can help save the environment too.