13 Best Solar Companies in Halifax, MA (Feb 2023 Review)

The Cost and Benefits of Solar in Halifax

We understand that for many homeowners, the choice to invest in solar comes down to installation costs. Some key factors that affect the cost of installing a solar panel system on your home and how much it could save you over time include:

• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Your household's power bills: Based on the fairly high monthly power bills in Halifax, you could save about $1,000 a year with solar.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to generate as much energy, which will leave you with lower savings on electricity bills than a house with a roof that gets a lot of sunlight.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your energy bills, which can result in an average of $23,000 of savings over 20 years.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, like the angle of your roof and incentives.

Solar Incentives in Halifax

One of the benefits of installing a solar panel system is earning government incentives. These incentives typically consist of cash rebates, tax benefits and/or performance-based incentives. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% in some cases. Our article on solar incentives has more in-depth information on the incentives you can find in Halifax.

Environmental Impact of Switching to Solar in Halifax

There are many reasons to trade traditional energy for solar energy, like saving on electricity bills and helping to lower your carbon footprint. You may be curious — how much does making the switch help the planet anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.