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

The Cost and Benefits of Solar in Medfield

The cost of putting up solar panels has gone down greatly over the past several years, but it's still a significant investment for most homeowners. There are a few factors you should take into consideration when determining how much it will cost and how much you can save, including:

• Your home's power bills: With fairly high monthly electric bills in Medfield, you could save about $1,000 a year with solar.
• The type of solar panels you want to get: More efficient models are more costly, so that will shape your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $22,000 over the first 20 years with your system, too.
• average energy usage: The more energy your home consumes on average and the steeper your current energy bills are, the more money you could save by making the switch to solar.

So is a solar system worth it? Whether you'd like to decrease your electricity costs, carbon emissions or both, solar panels are a solid investment for many Medfield homeowners.

Solar Incentives in Medfield

Because solar power is a cleaner source of energy than traditional energy sources, there are a number of government incentives in place to encourage its adoption. There are several federal, state and local rebates and tax credits that let you earn some money back after installing a qualifying system. For detailed information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Medfield

Switching to solar energy can have a beneficial impact on the environment. You may be trying to figure out — how much do solar panels do for the planet anyway? Going solar is an impactful choice for the environment, because the biggest source of greenhouse gas emissions in the country is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. If you want to do what you can for the environment, you'll most likely recognize that there are many benefits of adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.