18 Best Solar Companies in Essex, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Essex

When picking a solar company, most homeowners or business owners wonder about the costs above all. The cost of solar and the savings it generates vary depending on some key factors such as:

• Your home's power bills: Due to fairly high monthly electric bills in Essex, you could save about $1,000 a year with solar.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your power bills, which can lead to an average of $22,000 of savings over 20 years.
• Your energy consumption: If your home needs to use a lot of energy, you'll reap more rewards from installing solar panels.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Essex

If you're planning on making the switch to solar energy, various government incentives and subsidies can dramatically reduce the cost of the project and expedite the return on your investment. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Essex

One reason so many people are considering switching to solar power is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Essex, though. In Essex, where the energy generation could be cleaner, going solar can have a significant effect on the Earth since solar power has a lower carbon footprint. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Essex, you can reduce your carbon footprint by 40 pounds a year with solar panels. The good things about solar power are plentiful — just like solar power is! That's why so many Essex residents have been happy with committing to solar.