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

The Cost and Benefits of Solar in Lakeville

For lots of homeowners, whether or not you should invest in solar panels boils down to the cost. Some important things that influence the cost and possible savings include:

• Energy consumption: Installing solar panels may be too steep of an option for families that don't need too much energy per month.
• Your current electric bills: Solar panels can substantially lower, or entirely get rid of, your utility bills. In Lakeville, you can save an average of $82 a month.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on electric bills than someone with a roof that gets plenty of sunlight.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 26% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $23,000 over 20 years on your energy bills.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, like the size of your house and incentives.

Solar Incentives in Lakeville

In an effort to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more affordable and accessible. There are a lot of federal, state and local rebates and tax credits that let you earn some money in return after installing a qualifying system. The table below tells you about the incentives you can find in Lakeville.

Environmental Impact of Switching to Solar in Lakeville

If you want to add solar panels to your home, one of the major reasons why may be to lower your carbon dioxide emissions. But you may be curious — how much exactly can you help by using solar power? In Lakeville, where the energy generation could be cleaner, going solar can have a big impact on the planet since solar power is an abundant source of clean energy. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 40 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.