11 Best Solar Companies in Lawrence, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Lawrence

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to install your panels. There are a few factors you should consider when trying to determine costs and your potential savings, such as:

• The model of solar panels you're planning on getting: Higher-efficiency panels are more highly priced, so that will affect your budget for your solar project.
• How much energy your home consumes: Homes that use lots of energy each month may call for more solar panels and, as a result, be more costly, but will also enjoy more savings over time.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. Additionally, you can save about $23,000 over 20 years on your utility bills, not including incentives.
• Whether or not your roof gets a lot of direct sunlight: This, along with how your roof is set up, affects affect how much energy your solar panels can generate.

So is a solar panel system worth it? Whether you'd like to reduce your energy bills, carbon dioxide emissions or both, solar panels are a great investment for many Lawrence homeowners.

Solar Incentives in Lawrence

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar more affordable and accessible. 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 the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Lawrence

An important reason so many homeowners are thinking of going solar is to help lower their environmental impact. Something many people might be wondering about is how much can they really help preserve the environment by going solar anyway? The more energy your house uses, the the more the environment will benefit when you switch to solar since you won't need to use as much nonrenewable energy. Though making solar panels emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Lawrence, you can reduce your carbon footprint by 40 pounds a year with solar panels. If you want to do your part for the environment, you'll likely find that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is priceless.