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

The Cost and Benefits of Solar in Georgetown

The cost of installing a solar panel system has gone down greatly over the past several years, but it's still a substantial investment for most homeowners. The cost of solar and the savings it generates vary depending on some important factors such as:

• Typical energy usage: The more energy your home consumes on average and the higher your current energy bills are, the more likely you'll benefit from making the switch to solar.
• Average daily sunlight: Since Georgetown gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• The type and model of solar panels you want to get: More high-tech panels are more highly priced, so that will influence your budget for your solar project.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 26% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Plus, you can save about $23,000 over 20 years on your utility bills, without incentives.

There are lots of great benefits of solar even with the upfront cost of installation. It can help the planet and your wallet. In addition, it can raise the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Georgetown

In an effort to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economical and accessible. On top of the federal tax credit incentive, there are also some local programs, which in almost all cases, can be claimed in addition to the federal incentive, so you get to save even more. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Georgetown

There are lots of reasons to switch to solar power, like saving on electricity bills and helping to lower your carbon footprint. You may be wondering — how much does making the switch help the environment anyway? A key thing to be mindful of is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so adopting solar power for your home can help offset that. After you go solar, your carbon footprint can be reduced by about 40 pounds each year. If you care about the environment, you'll no doubt find that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.