13 Best Solar Companies in Woonsocket, RI (Mar 2023 Review)

The Cost and Benefits of Solar in Woonsocket

When deciding on a solar company, most homeowners or business owners worry about the costs above all. The cost and possible savings vary depending on some important factors such as:

• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $21,000 over 20 years on your energy bills.
• Your current electric bills: Solar panels can noticeably lower, or totally eradicate, your utility bills. In Woonsocket, you can save an average of $77 a month.
• The amount of sunlight your house gets: Because of Woonsocket's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

So are solar panels worth it? Whether you hope to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a good investment for many Woonsocket homeowners.

Solar Incentives in Woonsocket

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over time because of lower utility bills and government incentives. These incentives usually include cash rebates, tax benefits and/or performance-based incentives. They can lower how much you pay for going solar by 30%, upwards of 50% depending on where you live. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Woonsocket

There are many reasons to switch to solar energy, like saving money on utility bills and helping to lower your carbon footprint. A question many might have in mind is how much can they really help protect the environment by going solar anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. If you go solar, your carbon dioxide emissions can be reduced by about 40 pounds a year. Since solar power is abundant and generates electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help preserve the planet.