17 Best Solar Companies in Georgetown, MA (Feb 2023 Review)

The Cost and Benefits of Solar in Georgetown

The cost of installing solar panels has dropped greatly over the past several years, but it's still a substantial investment for most homeowners. The cost and possible savings vary depending on some key factors such as:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $23,000 over 20 years on your energy bills.
• The kind of solar panels you can buy: This hinges on what your budget is.
• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Electricity consumption: The average household in Georgetown doesn't use much energy, and as a result may not see as many savings on their power bills.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, like the angle of your roof and your local electricity rates.

Solar Incentives in Georgetown

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some local incentives you can benefit from too. Our article on solar incentives has more information on the incentives you can find in Georgetown.

Environmental Impact of Switching to Solar in Georgetown

If you're considering adding solar panels to your home, one of the principal reasons why may be to lower your reliance on nonrenewable energy. But you may be wondering — how much exactly can you help the planet by going solar? One thing you should consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. After you go solar, your carbon footprint can be reduced by about 40 pounds a year. As you can see, using solar power has so many other rewards beyond saving money. One of the most important ones is that you can help save the Earth too.