11 Best Solar Companies in Bellingham, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Bellingham

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to install your panels. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: Tax-paying citizens who install a solar energy system this year can save 26% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $22,000 on your electricity bills over 20 years not including incentives.
• How much electricity your household consumes: Homes that use a lot of power each month may need more solar panels and, as a result, more upfront cost, but will also save more on their energy bills over time.
• Your household's power bills: Due to fairly high monthly power bills in Bellingham, you could save about $1,000 a year with solar.
• The type of solar panels you're planning on getting: More efficient models are more costly, so that will influence your budget for your solar project.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a solid investment for most homeowners.

Solar Incentives in Bellingham

If you're thinking about switching to solar power, several government incentives and solar rebates can greatly lower the cost of the project and speed up the return on your investment. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. The table below tells you about the incentives you can benefit from in Bellingham.

Environmental Impact of Switching to Solar in Bellingham

There are a few important reasons why people are interested in solar energy: to put more money in their bank account and to help the planet. You may be wondering — how much does going solar do for the environment anyway? One thing that can severely influence your carbon footprint is how long your commute is and how much you drive overall. If you switch to solar power and drive an electric car, you can significantly reduce your carbon dioxide emissions by charging your car at home. In Bellingham, the average person can lower their carbon footprint by 40 pounds a year once they go solar. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.