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

The Cost and Benefits of Solar in Danvers

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to set up your panels. The overall price and potential savings vary depending on a few important factors such as:

• Your current power bills: Solar panels can noticeably reduce, or completely get rid of, your utility bills. In Danvers, you can save an average of $80 a month.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 26% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $21,000 over 20 years on your energy bills.
• Energy consumption: Installing solar panels may be an expensive option for families that don't need too much energy per month.
• Your income and budget: This shapes what model of solar panels you can afford.

Solar is a rewarding investment for most homeowners. You can make your own energy instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping preserve the Earth.

Solar Incentives in Danvers

If you're thinking about switching to solar energy, a number of government incentives and state programs can dramatically reduce your project costs and speed up the return on your investment. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of your project costs on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Danvers

One of the best reasons to embrace solar energy is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. Something many homeowners might have in mind is how much can they really help the environment by switching to solar power anyway? One thing that can drastically influence your carbon footprint is your commute time and how much you drive in general. If you install solar panels and have an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. In fact, if you make the switch to solar power, you could reduce your carbon dioxide emissions by about 40 pounds each year. If you care about the environment, you'll most likely recognize that there are many advantages to adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.