12 Best Solar Companies in Ludlow, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Ludlow

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will need to pay to install your system. The cost of solar and the savings it generates vary depending on some important factors such as:

• The type of solar panel system you have the money for: This is dependent on how much you're willing to spend upfront.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $20,000 over the first 20 years with your solar panels, too.
• Your energy bills: This will affect how much money you might save. In Ludlow, the average homeowner can save about $960 a year on their electricity bills.
• How much electricity your household consumes: Households that need plenty of energy each month may call for more solar panels and, as a result, be more expensive, but will also enjoy more savings over time.

There are many wonderful benefits of solar in spite of the upfront cost of installation. It can help the Earth and your wallet. Additionally, it can increase the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Ludlow

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. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 26% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some local incentives you can benefit from too. For comprehensive information about incentives for homeowners in Ludlow, see the table below.

Environmental Impact of Switching to Solar in Ludlow

One of the most compelling reasons to embrace solar power is to cut your dependence on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. A question many homeowners might be wondering about is how much can they really help the environment by going solar anyway? Something that can severely shape your carbon footprint is your commute time and how much you drive generally. If you go solar and drive an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. While making solar panels emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Ludlow, you can reduce your carbon footprint by 40 pounds a year with solar panels. Since energy from the sun is abundant and produces electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help protect the planet.