17 Best Solar Companies in Malden, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Malden

We get that for many homeowners, the choice to invest in solar rests on installation costs. Some key factors that influence how much it will cost to install solar panels on your home and how much it could save you over time are:

• The amount of sunlight your roof gets: This, along with your roof configuration, affects affect how much power your solar panels can generate.
• The type and model of solar panels you're planning on getting: More efficient models cost more, so that will affect your budget for your solar project.
• Electricity consumption: The average household in Malden doesn't use much energy, and as a result may not see as many savings on their power bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $22,000 over the first 20 years with your system, too.

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

Solar Incentives in Malden

Since solar power is a cleaner source of energy than burning fossil fuels, there are a number of government incentives available to encourage people to make the switch. On top of the federal solar investment tax credit, there are also some local incentives, which in almost all cases, stack with the federal incentive, so you get to save even more. Take a look at the table below to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Malden

Switching to solar energy can have a meaningful impact on the environment. But how much can installing solar panels actually help the environment? In a place like Malden where commute times can be very long, using solar power can help offset some of your carbon dioxide emissions from driving a lot. In Malden, the average person can reduce their carbon footprint by 40 pounds a year once they go solar. As you can see, investing in solar has so many other rewards beyond saving money. One of the major ones is that you can help save the Earth too.