16 Best Solar Companies in Hanover, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Hanover

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to install your panels. The overall price and potential savings vary depending on some important factors such as:

• The kind of solar panels you have the money for: This is dependent on how much you're willing to spend upfront.
• Incentives: Those who purchase and install a solar energy system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $24,000 on your electricity bills over 20 years without incentives.
• Your power bills: This will determine your savings. In Hanover, the average resident can save about $1,000 a year on their electricity bills.
• Energy consumption: Installing solar panels may be too pricey an investment for homes that don't need a good amount of energy each month.

There are several wonderful benefits of solar in spite of the initial cost of installation. It can help the Earth and your wallet. Additionally, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Hanover

One of the good things about installing a solar panel system is earning federal and potentially state incentives. Local solar incentive programs vary by location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. Our article on solar incentives has more detailed information on the incentives you can benefit from in Hanover.

Environmental Impact of Switching to Solar in Hanover

Installing solar panels is a compelling way to do what you can for a cleaner and more sustainable future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hanover, though. One thing you should consider is your overall carbon footprint. For example, if you spend a lot of time on the road 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 generating electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 40 pounds each year. The great things about solar power are plentiful — just like solar power is! That's why so many people have been happy with using solar energy.