15 Best Solar Companies in Lunenburg, MA (Feb 2023 Review)

The Cost and Benefits of Solar in Lunenburg

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to set up your system. A few key factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time are:

• 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 on your utility bills, which can result in an average of $23,000 of savings over 20 years.
• How much you spend on energy: The average family in Lunenburg spends around $1,100 a year on home energy use alone, so you could gain that much in savings.
• System size and type: Some models are more costly than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• How much electricity your household consumes: Households that need plenty of energy each month may need more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.

There are several wonderful benefits of solar despite the initial cost of installation. It can help the environment and your finances. Plus, it can raise the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Lunenburg

Because solar power is more sustainable than burning fossil fuels, there are several government incentives available to encourage its adoption. State and city solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Lunenburg

Switching to solar energy can have a meaningful effect on the environment. You may be curious — how much does making the switch do for the planet anyway? A key thing to consider is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be greater, so adopting solar energy for your house can help offset that. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have released if you still used traditional energy. In Lunenburg, you can reduce your carbon footprint by 40 pounds a year with solar panels. For people who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.