14 Best Solar Companies in Groveland, MA (Oct 2022 Review)

The Cost and Benefits of Solar in Groveland

The cost of putting up a solar panel system has decreased greatly in the past several years, but it's still a substantial investment for most homeowners. A few important factors that influence the cost of installing a solar panel system on your home and how much money you could save over time are:

• The amount of sunlight your roof gets: Due to Groveland's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Your income and budget: This affects what type of solar panels you can get.
• The cost of electricity in your area: If your local utility rates are quite high, there's a good chance you'll see a higher return on your investment in solar panels. In Groveland, you can save an average of $86 a month on your electricity bills.
• 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 installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $23,000 over 20 years on your energy bills.

Though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the angle of your roof and your current power bills.

Solar Incentives in Groveland

Switching to solar power has a lot of great benefits. Not only can it help preserve the planet, but you can also save a decent amount of money on your installation with various government incentives. There are quite a few federal, state and local rebates and tax credits that may earn you some money back after buying a qualifying system. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Groveland

There are many reasons to trade traditional energy for solar energy, like saving money on electricity bills and helping to lower your carbon footprint. But you may be curious — how much exactly can you help by making the switch to solar? An important thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be bigger, so switching to solar energy for your house can help offset that. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. Since solar energy is renewable and produces electricity without CO2 emissions, installing solar panels is one easy step you can take to help the planet.