15 Best Solar Companies in Chelsea, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Chelsea

We understand that for most homeowners, the choice to invest in solar rests on installation 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 such as:

• Your energy bills: This will determine your savings. In Chelsea, the average homeowner can save about $1,000 a year on their electricity bills.
• Average daily sunlight: Since Chelsea gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your electricity bills will be.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. In addition, you can save about $22,000 over 20 years on your utility bills, before factoring in incentives.
• How much energy your home consumes: Homes that use plenty of electricity each month may need more solar panels and, therefore, be more costly, but will also benefit more over time.

Solar is a profitable investment for most homeowners. You can produce your own power instead of paying for it from the grid and make use of solar tax credits and rebates, all while helping protect the Earth.

Solar Incentives in Chelsea

One of the good things about installing a solar panel system is receiving federal and potentially state incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. Take a look at the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Chelsea

If you're planning on adding solar panels to your home, one of the main reasons why may be to lower your carbon footprint. But how much can switching to solar actually affect the environment? Something that can drastically shape your carbon footprint is how long your commute is and how much you drive in general. If you switch to solar power and drive an electric car, you can greatly lower your carbon dioxide emissions by charging your car at home. Once you go solar, your carbon emissions can be lowered by about 40 pounds each year. As you can see, investing in solar has so many other benefits apart from saving money. One of the primary ones is that you can help save the Earth too.