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

The Cost and Benefits of Solar in Haverhill

The cost of installing solar panels has gone down significantly over the past several years, but it's still a significant investment for most homeowners. There are several factors you should take into consideration when trying to figure out how much it will cost and how much you can save, such as:

• The model of solar panel system you can purchase: This depends on what your budget is.
• Incentives: One thing that can make your solar project cost less 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 generate an average of $23,000 of savings over 20 years.
• Energy consumption: Installing solar panels may be a high-cost investment for families that don't consume a lot of energy per month.
• Your home's orientation toward the sun: This, plus your roof configuration, affects affect how much power your solar panels can produce.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the size of your house and your local electricity rates.

Solar Incentives in Haverhill

One of the great things about installing a solar panel system is earning federal and potentially state incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city incentives. Check out the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Haverhill

Many want to do what they can to help save the planet, which often is the prime reason for installing a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Haverhill, though. Something that can drastically affect your carbon footprint is your commute time and how much you drive overall. If you install solar panels and drive an electric car, you can greatly lower your carbon dioxide emissions by charging your car at home. If you go solar, your carbon emissions can be lowered by about 40 pounds a year. As you can see, using solar power has so many other benefits beyond saving money. One of the main ones is that you can help save the planet too.