13 Best Solar Companies in Beverly, MA (2023 Reviews)

The Cost and Benefits of Solar in Beverly

Although solar panels can save you a good amount of money on utility bills over time, it's important to know the startup costs. A few important factors that influence how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. Additionally, you can save about $23,000 over 20 years on your utility bills, without incentives.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Your city: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• How much power your household needs: If your home needs to use a lot of energy, you'll reap more rewards from going solar.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and incentives.

Solar Incentives in Beverly

Adopting solar power has lots of considerable benefits. Not only can it help protect the Earth, but you can also save a good amount of money on your installation with various government incentives. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can use to further save. Our article on solar incentives goes over more detailed information on the incentives you can find in Beverly.

Environmental Impact of Switching to Solar in Beverly

A lot of people want to do their part to help protect the environment, which often is the prime reason they're interested in installing a solar system. A question many people might be wondering about is how much can they really help the environment by going solar anyway? In a city like Beverly where energy use is somewhat high, installing solar panels is a fantastic idea for people who are worried about the state of the planet. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Beverly, you can reduce your carbon footprint by 40 pounds a year with solar panels. If you care about the environment, you'll no doubt get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.