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

The Cost and Benefits of Solar in Hopedale

For the majority of homeowners, the decision to invest in a solar energy system depends the most on the cost. The cost of solar and the savings it generates vary depending on some key factors such as:

• Your home's power bills: Because of fairly high monthly energy bills in Hopedale, you could save about $1,000 a year with solar.
• How much energy you use: If your household needs to use a lot of energy, you'll benefit more from installing solar panels.
• The kind of solar panels you have the money for: This depends on what your budget is.
• Incentives: One thing that can save you money on 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 money on your power bills, which can result in an average of $22,000 of savings over 20 years.

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

Solar Incentives in Hopedale

One of the great things about installing a solar panel system is earning federal and potentially state incentives. On top of the federal solar investment tax credit, there are also some state- and city-level programs, which in most cases, stack with the federal incentive, so you get to save even more. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Hopedale

Installing solar panels can have a positive impact on the environment. Something many might have in mind is how much can they really help protect the environment by going solar anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. While solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have released if you still used nonrenewable energy. In Hopedale, you can reduce your carbon footprint by 40 pounds a year with solar panels. For people who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.