16 Best Solar Companies in Danvers, MA (Oct 2022 Review)

The Cost and Benefits of Solar in Danvers

The cost of putting up solar panels has dropped significantly over the past few years, but it's still a significant investment for most homeowners. The cost of solar and the savings it generates vary depending on a few key factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $21,000 over 20 years with your solar panels, too.
• Electricity consumption: The average home in Danvers doesn't use much energy, and therefore may not see as many savings on their power bills.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• The amount of sunlight your area gets: Thanks to Danvers' high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

So is a solar system worth it? Whether you're trying to lower your electric bills, carbon emissions or both, solar panels are a great investment for many Danvers homeowners.

Solar Incentives in Danvers

There are lots of reasons why adopting solar power is beneficial. One of them involves some government incentives that can help save you some money. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. Check out the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in Danvers

Going solar can have a meaningful effect on the environment. You may be curious — how much does going solar do for the planet anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Danvers, you can reduce your carbon footprint by 40 pounds a year with solar panels. Since energy from the sun is plentiful and generates electricity without CO2 emissions, installing solar panels is one easy step you can take to help preserve the environment.