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

The Cost and Benefits of Solar in Dracut

The cost of installing solar panels has gone down greatly over the past few years, but it's still a large investment for most homeowners. There are quite a few factors you should take into consideration when determining the overall cost and how much you can save, such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $22,000 over 20 years with your system, too.
• Your income and budget: This guides what type of solar panels you can get.
• Average daily sunlight: Since Dracut gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your electricity bills will be.
• Electricity consumption: The average home in Dracut doesn't use much energy, and consequently may not see as many savings on their power bills.

Solar is a worthwhile investment for most homeowners. You can make your own electricity instead of paying for it from the grid and make use of solar incentives and rebates, all while helping the environment.

Solar Incentives in Dracut

One of the benefits of installing a solar panel system is earning government incentives. You can qualify 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 local incentives. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Dracut

Lots of people want to do their part to help protect the environment, which in many cases is the prime reason they're interested in installing solar panels. But how much can installing solar panels actually help the environment? A significant thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be greater, so switching to solar energy for your home can help offset that. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used traditional energy. In Dracut, you can reduce your carbon footprint by 40 pounds a year with solar panels. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.