16 Best Solar Companies in Hanover, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Hanover

For many people considering switching to solar, the decision of which solar company to choose comes down to prices. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• The type of solar panel system you can buy: This hinges on your income and budget.
• Typical energy usage: The more electricity your household consumes on average and the larger your current electricity bills are, the more likely you'll benefit from going solar.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $24,000 over 20 years on your energy bills.
• Your power bills: This will determine your savings. In Hanover, the average resident can save about $1,000 a year on their electricity bills.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, including the size of your house and your local electricity rates.

Solar Incentives in Hanover

If you're planning on making the switch to solar power, various government incentives and state programs can greatly reduce the cost of the project and speed up the return on your investment. On top of the federal tax credit incentive, there are also some state- and city-level incentives, which in the majority of cases, can be claimed in addition to the federal incentive, so you get to save even more. In the table below, you can find out about the incentives you qualify for in Hanover.

Environmental Impact of Switching to Solar in Hanover

If you're considering adding solar panels to your home, one of the primary reasons why may be to reduce your carbon footprint. You may be wondering — how much does making the switch help the environment anyway? One thing to consider is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. The benefits of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with committing to solar.