11 Best Solar Companies in Chicopee, MA (Jul 2022 Review)

The Cost and Benefits of Solar in Chicopee

The cost of installing a solar panel system has gone down significantly in the past several years, but it's still a substantial investment for most homeowners. There are several factors you should consider when trying to determine costs and your potential savings, including:

• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your energy bills, which can lead to an average of $19,000 of savings over 20 years.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to make as much energy, which will give you lower savings on electric bills than a roof that gets a lot of sunlight.
• The kind of solar panels you're thinking of getting: Higher-efficiency panels are more highly priced, so that will shape your budget for your solar project.
• Energy consumption: Installing solar panels may be a high-cost option for homes that don't need too much energy per month.

Solar is a rewarding investment for most homeowners. You can produce your own energy 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 Chicopee

One of the good things about installing a solar panel system is receiving federal and potentially state incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city incentives. For comprehensive information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Chicopee

One of the best reasons to tap into solar energy is to reduce your reliance on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. You may be asking yourself — how much does going solar do for the planet anyway? As stated by the EPA, electricity generation is the second biggest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Switching to a clean energy source like solar power can help reduce that statistic in a city like Chicopee that generates a fair amount of carbon dioxide emissions each year. In fact, if you adopt solar power, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.