15 Best Solar Companies in Dracut, MA (Jan 2023 Review)

The Cost and Benefits of Solar in Dracut

While solar panels can help save you money on utility bills over time, it's necessary to know the upfront costs. Some main factors that affect the cost of installing solar panels on your home and how much it could save you over time include:

• The amount of sunlight your home gets: Because of Dracut's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• How much energy your home consumes: Households that need lots of electricity each month may require more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.
• 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.
• The type and model of solar panels you're thinking of getting: Higher-efficiency panels are more expensive, so that will determine your budget for your solar project.

Although a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, like the size of your house and your energy consumption.

Solar Incentives in Dracut

Although a solar power system is typically a large investment, it can save you a considerable amount of money over the lifespan of your solar panels because of lower utility bills and government incentives. On top of the federal tax credit incentive, there are also some state- and city-level programs, which in the majority of cases, stack with the federal incentive, so you can save even more. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Dracut

There are tons of reasons to switch to solar energy, like saving money on electricity bills and helping to lower your carbon footprint. But — how much exactly can you help by using solar power? One thing that can severely shape your carbon footprint is your commute time and how much you drive generally. If you install solar panels and drive an electric car, you can significantly decrease your carbon dioxide emissions by charging your car at home. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.