14 Best Solar Companies in Haverhill, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Haverhill

For the majority of homeowners, the decision to invest in a solar energy system boils down to the cost. There are quite a few factors you should consider when trying to figure out how much it will cost and how much you can save, including:

• Your household's power bills: Due to fairly high monthly electric bills in Haverhill, you could save about $1,000 a year with solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $23,000 over the first 20 years with your solar panels, too.
• Energy consumption: Solar may be an expensive investment for homes that don't need too much energy a month.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.

Due to the cost of solar panels being lower than before as well as several solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Haverhill

If you're thinking about switching to solar power, a variety of government incentives and state programs can dramatically bring down the cost of the project and expedite the return on your investment. These incentives mostly include cash rebates, tax breaks and/or performance-based incentives. They can reduce how much you pay for going solar by 26 to 50% in some cases. In the table below, you can find out about the incentives you qualify for in Haverhill.

Environmental Impact of Switching to Solar in Haverhill

There are a few important reasons why people are interested in solar energy: for the financial and environmental benefits. You may be trying to figure out — how much do solar panels do for the planet anyway? An important thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be larger, so switching to solar power for your home can help offset that. Once you go solar, your carbon dioxide emissions can be reduced by about 40 pounds a year. For people who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.