14 Best Solar Companies in Haverhill, MA (Feb 2023 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:

• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes 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.
• The amount of sunlight your house gets: Because of Haverhill's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your current power bills: Solar panels can significantly decrease, or entirely get rid of, your utility bills. In Haverhill, you can save an average of $86 a month.

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, like the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Haverhill

Switching to solar power has many great benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. In addition to the federal solar investment tax credit, there are also some state- and city-level benefits, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Haverhill

Going solar can have a positive effect on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Haverhill, though. The average person has a sizable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to figure out what to do. Switching to solar is one of the easiest things you can do to help. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 40 pounds each year. As you can see, using solar power has so many other benefits besides saving money. One of the major ones is that you can help save the planet too.