17 Best Solar Companies in Georgetown, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Georgetown

The cost of putting up solar panels has gone down greatly over the past few years, but it's still a large investment for most homeowners. The overall price and potential savings vary depending on a few key factors such as:

• Your income and budget: This guides what kind of solar panels you can buy.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $23,000 over the first 20 years with your solar system, too.
• The amount of sunlight your home gets: Thanks to Georgetown's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Energy consumption: Installing solar panels may be too pricey an option for households that don't use too much energy each month.

There are lots of good benefits of solar despite the upfront cost of installation. It can help the planet and your bank account. Plus, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Georgetown

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar power more financially viable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For comprehensive information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Georgetown

There are a few main reasons why homeowners are interested in solar energy: to put more money in their bank account and to help the planet. But how much can switching to solar actually help the environment? The average person has a sizable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and electricity for their home, it can be overwhelming to figure out what to do. Using solar power is one of the easiest things you can do to help. In Georgetown, the average homeowner can lower their carbon footprint by 40 pounds a year after going solar. As you can see, trading traditional energy for solar has so many other rewards beyond saving money. One of the main ones is that you can help save the Earth too.