14 Best Solar Companies in Freetown, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Freetown

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to install your panels. There are quite a few factors you should consider when determining how much it will cost and how much you can save, such as:

• Incentives: One thing that can reduce the cost of 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 utility bills, which can give you an average of $23,000 of savings over 20 years.
• Your home's power bills: Based on the fairly high monthly electricity bills in Freetown, you could save about $1,000 a year with solar.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Energy consumption: Solar may be too pricey an option for families that don't use a good amount of energy per month.

So is a solar panel system worth it? Whether you want to decrease your electricity costs, carbon emissions or both, solar panels are a great investment for many Freetown homeowners.

Solar Incentives in Freetown

There are several reasons why adopting solar power is beneficial. One of them involves some government incentives you can take advantage of. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. In addition, there are often some regional incentives that you can take advantage of to further save. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Freetown

An important reason so many homeowners are considering installing solar panels is to help lower their environmental impact. A question many might have in mind is how much can they really help save the environment by going solar anyway? The average person has a considerable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and powering their home, it can be overwhelming to figure out what to do. Installing solar panels is a practical thing you can do to help. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. The great things about solar power are infinite — just like solar power is! That's why so many homeowners have been happy with using solar energy.