12 Best Solar Companies in Maynard, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Maynard

For many people, the decision of which solar installer to choose depends on pricing. There are quite a few factors you should consider when trying to determine costs and your potential savings, such as:

• Incentives: Those who buy and install a solar energy system this year can save 26% of their installation costs by using the federal solar investment tax credit. You can also save about $20,000 on your energy bills over 20 years not including incentives.
• average energy usage: The more energy your home uses on average and the higher your current energy bills are, the more money you could save by switching to solar.
• Your income and budget: This shapes what kind of solar panels you can purchase.
• Your current electric bills: Solar panels can greatly decrease, or completely eradicate, your utility bills. In Maynard, you can save an average of $77 a month.

Because of solar panels now being cheaper than ever as well as several solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Maynard

In an effort to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar more economically viable and accessible. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 26% of the cost of your solar panels. In addition, there are often some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Maynard

There are lots of reasons to switch to solar energy, like saving money on electricity bills and helping to lower your carbon footprint. You may be wondering — how much do solar panels help the environment anyway? As reported by the EPA, electricity production is the second biggest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Switching to a clean energy source like solar power can help reduce that statistic in a city like Maynard that is responsible for a fair amount of carbon dioxide emissions each year. In Maynard, the average household can reduce their carbon footprint by 40 pounds a year after going solar. As you can see, investing in solar has so many other perks beyond saving money. One of the major ones is that you can help save the planet too.