15 Best Solar Companies in Hopedale, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Hopedale

We understand that for lots of homeowners, the choice to invest in solar highly depends on installation costs. The cost and possible savings vary depending on some important factors such as:

• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 26% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $22,000 on your electricity bills over 20 years excluding incentives.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• How much energy costs for you: If your local electricity rates are quite high, there's a better chance you'll get a higher return on your investment in a solar panel system. In Hopedale, you can save an average of $86 a month on your electricity bills.
• Energy consumption: Installing a solar system may be a high-cost investment for homes that don't use too much energy per month.

So is a solar panel system worth it? Whether you hope to reduce your energy bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Hopedale homeowners.

Solar Incentives in Hopedale

Since solar power is more sustainable than traditional energy sources, there are various government incentives in place to encourage people to make the switch. There are several federal, state and local rebates and tax credits that let you earn a decent amount of money back after paying for solar panels. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Hopedale

One reason so many consider going solar is to help bring down their environmental impact. But how much can switching to solar actually help the environment? An important thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be larger, so switching to solar energy for your home can help offset that. When you go solar, your carbon dioxide emissions can be reduced by about 40 pounds every year. The advantages of solar power are infinite — just like solar power is! That's why so many people have been happy with using solar energy.