18 Best Solar Companies in Marblehead, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Marblehead

The cost of putting up solar panels has gone down immensely in the past few years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Average daily sunlight: Since Marblehead gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• How much energy costs for you: The average family in Marblehead spends around $1,000 a year on home energy use alone, so you could be looking at that much in savings.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. In addition, you can save about $23,000 over 20 years on your utility bills, without incentives.
• Your income and budget: This determines what kind of solar panels you can purchase.

There are several wonderful benefits of solar despite the upfront cost of installation. It can help the planet and your wallet. Additionally, it can raise the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Marblehead

Although solar power is typically a $15,000 to $25,000 investment, it can save you a lot of money over many years due to reduced energy bills and government incentives. These incentives typically consist of cash rebates, tax credits and/or performance-based incentives. They can lower how much you end up spending on going solar by 30%, upwards of 50% in some cases. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Marblehead

One reason so many homeowners are considering going solar is to help lower their environmental impact. But you may be curious — how much exactly can you help by using solar power? Something that can drastically affect your carbon footprint is how long your commute is and how much you drive in general. If you install solar panels and have an electric car, you can greatly decrease your carbon dioxide emissions by charging your car at home. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 40 pounds each year. Since energy from the sun is plentiful and generates electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help protect the environment.