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

The Cost and Benefits of Solar in Ludlow

We know that for lots of homeowners, the decision to invest in solar hinges on installation costs. There are several factors you should take into consideration when trying to determine how much it will cost and how much you can save, including:

• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your power bills, which can give you an average of $20,000 of savings over 20 years.
• Your current electricity bills: Solar panels can significantly reduce, or completely eliminate, your utility bills. In Ludlow, you can save an average of $80 a month.
• Electricity consumption: The average household in Ludlow doesn't use much energy, and as a result may not see as many savings on their power bills.

Solar is a worthwhile investment for most homeowners. You can produce your own energy instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping the Earth.

Solar Incentives in Ludlow

Although installing solar panels is typically a big investment, it can save you a considerable amount of money over the lifespan of your solar panels due to smaller utility bills and government incentives. In addition to the federal tax credit incentive, there are also some state- and city-level incentives, which in most cases, can be claimed in addition to the federal incentive, so you get to save even more. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Ludlow

There are a few primary reasons why people are interested in solar energy: for the financial and environmental benefits. A question many might be wondering about is how much can they really help save the environment by going solar anyway? The more power your house uses, the better off the planet will be if you switch to solar since you won't have to use as much nonrenewable energy. After you go solar, your carbon dioxide emissions can be lowered by about 40 pounds every year. If you want to do your part for the environment, you'll no doubt find that there are many good things about adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.