17 Best Solar Companies in Malden, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Malden

When choosing a solar company, most homeowners or business owners care about the costs the most. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Your home's orientation toward the sun: This, and the configuration of your roof, affects affect how much power your solar panels can make.
• The type of solar panel system you can purchase: This depends on what your budget is.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• Energy consumption: Installing a solar system may be a high-cost option for households that don't use too much energy per month.

Thanks to solar panels decreasing in cost as well as various solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Malden

If you're considering switching to solar power, a variety of government incentives and subsidies can immensely bring down the cost of the project and expedite the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. Our article on solar incentives goes over more in-depth information on the incentives you can find in Malden.

Environmental Impact of Switching to Solar in Malden

Installing solar panels can have a positive impact on the environment. But you may be wondering — how much exactly can you help by using solar power? An important thing to be mindful of is your overall carbon footprint. For example, if your commute is very long, your footprint may be bigger, so adopting solar power for your house can help offset that. While solar panel production emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Malden, you can reduce your carbon footprint by 40 pounds a year with solar panels. Since solar energy is abundant and generates electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help preserve the environment.