13 Best Solar Companies in Lowell, MA (Dec 2022 Review)

The Cost and Benefits of Solar in Lowell

The cost of installing solar panels has decreased immensely in the past several years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $22,000 on your utility bills over 20 years without incentives.
• How much you spend on energy: If your local electricity rates are quite high, there's a good chance you'll have a higher return on your investment in a solar panel system. In Lowell, you can save an average of $86 a month on your electricity bills.
• The type of solar panel system you can afford: This is dependent on what your budget is.
• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on power bills than a house with a roof that gets a lot of sunlight.

Solar is a rewarding investment for most homeowners. You can produce your own electricity instead of paying for it from a utility company and make use of solar incentives and rebates, all while helping protect the planet.

Solar Incentives in Lowell

Switching to solar power has many great benefits. Not only can it help protect the Earth, but you can also save some money on your installation with various government incentives. In addition to the federal solar investment tax credit, there are also some state- and city-level incentives, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. For more information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Lowell

There are tons of reasons to make the switch to solar energy, like saving some money on utility bills and helping to lower your carbon footprint. You may be wondering — how much do solar panels do for 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 energy for their home, it can be overwhelming to figure out what to do. Going solar is one of the easiest things you can do to help. When you go solar, your carbon dioxide emissions can be cut by about 40 pounds every year. If you care about the environment, you'll likely get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.