13 Best Solar Companies in Boxford, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Boxford

When deciding on a solar company, most homeowners or business owners wonder about the costs above all. Some important things that influence the upfront cost and potential savings over time include:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. Plus, you can save about $22,000 over 20 years on your utility bills, not including incentives.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Your home's power bills: Based on the fairly high monthly electric bills in Boxford, you could save about $970 a year with solar.
• Energy consumption: Installing solar panels may be too pricey an investment for households that don't use a good amount of energy each month.

So is installing solar panels worth it? Whether you'd like to decrease your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many Boxford homeowners.

Solar Incentives in Boxford

Although a solar power system is typically a big investment, it can save you much money over the lifespan of your solar panels because of lower power bills and government incentives. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can take advantage of to further save. The table below gives you an idea of the incentives you can take advantage of in Boxford.

Environmental Impact of Switching to Solar in Boxford

An important reason so many are considering installing solar panels is to help reduce their environmental impact. But you may be curious — how much exactly can you help the planet by going solar? In a place like Boxford where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from driving. Even though solar panel production 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 traditional energy. In Boxford, you can reduce your carbon footprint by 40 pounds a year with solar panels. If you want to do your part for the environment, you'll no doubt find that there are many advantages to adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.