12 Best Solar Companies in Maynard, MA (Feb 2023 Review)

The Cost and Benefits of Solar in Maynard

For many people considering switching to solar, the decision of which solar installer to hire depends on pricing. There are several factors you should consider when trying to figure out costs and your potential savings, such as:

• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Electricity consumption: The average household in Maynard doesn't use much energy, and so may not see as many savings on their power bills.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can lead to an average of $20,000 of savings over 20 years.
• How much you spend on energy: If your local electricity rates are high, there's a better chance you'll see a higher return on your investment in solar panels. In Maynard, you can save an average of $77 a month on your electricity bills.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Maynard

Adopting solar power has a lot of great benefits. Not only can it help preserve the environment, but you can also save a decent amount of money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Maynard

One of the most compelling reasons to tap into solar energy is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. You may be wondering — how much does going solar help the planet anyway? A significant thing to consider is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so switching to solar power for your home can help offset that. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 40 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.