13 Best Solar Companies in Edgartown, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Edgartown

Even though solar panels can help save you a good amount of money on energy over time, it's necessary to know the startup costs. There are quite a few factors you should consider when trying to determine the overall cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $24,000 over 20 years on your energy bills.
• The kind of solar panel system you can afford: This hinges on how much you're willing to invest upfront.
• The amount of sunlight your area gets: Due to Edgartown's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• How much energy costs for you: The typical household in Edgartown spends around $1,000 a year on power alone, so you could be looking at that much in savings.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your energy consumption.

Solar Incentives in Edgartown

One of the good things about 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 potentially use the ITC with other local incentives. The table below shows you the incentives you can find in Edgartown.

Environmental Impact of Switching to Solar in Edgartown

There are a few key reasons why people are interested in solar energy: for the good of their bank accounts and the planet. But you may be curious — how much exactly can you help by going solar? Regardless of your location, you can help save the planet by switching to solar energy, but homes that use lots of energy will have an even bigger impact. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. If you care about the environment, you'll no doubt recognize that there are many good things about adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.