11 Best Solar Companies in Lawrence, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Lawrence

We know that for many homeowners, the choice to invest in solar comes down to installation costs. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The type of solar panels you can purchase: This depends on how much you're willing to invest upfront.
• How much you spend on energy: The typical household in Lawrence spends around $1,000 a year on electricity alone, so you could be looking at that much in savings.
• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. Additionally, you can save about $23,000 over 20 years on your utility bills, without incentives.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Lawrence

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over several years because of reduced utility bills and government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city rebates and benefits. In our article on solar incentives, you can see the incentives you qualify for in Lawrence.

Environmental Impact of Switching to Solar in Lawrence

Many want to do their part for the environment, which in many cases is the prime reason for installing a solar system. You may be curious — how much do solar panels help the environment anyway? The average person has a considerable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to think about what to do. Using solar power is a simple thing you can do to help. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. The great things about solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with committing to solar.