13 Best Solar Companies in Halifax, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Halifax

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will need to pay to install your panels. The cost and possible savings vary depending on a few key factors such as:

• Your income and budget: This shapes what type of solar panels you can buy.
• How much energy your household consumes: Households that use a lot of electricity each month may call for more solar panels and, consequently, be more expensive, but will also benefit more over time.
• Your home's power bills: Due to fairly high monthly electricity bills in Halifax, you could save about $1,000 a year with solar.
• 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 result in an average of $23,000 of savings over 20 years.

Solar is a fruitful investment for most homeowners. You can generate your own energy instead of paying for it from the grid and take advantage of solar incentives and rebates, all while helping protect the Earth.

Solar Incentives in Halifax

Because solar power is more sustainable than traditional energy sources, there are quite a few government incentives in place to encourage its adoption. Local solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Halifax

If you want to add solar panels to your home, one of the primary reasons why may be to lower your greenhouse gas emissions. You may be wondering — how much do solar panels help the planet anyway? One thing to keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. While solar panel production emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have released if you still used traditional energy. In Halifax, you can reduce your carbon footprint by 40 pounds a year with solar panels. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.