17 Best Solar Companies in Medford, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Medford

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your panels. Some significant things that determine the cost and possible savings include:

• How much energy costs for you: The average family in Medford pays around $1,000 a year on power alone, so you could gain that much in savings.
• Choice of solar panels: The type of solar panels you choose 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Average daily sunlight: Since Medford gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• Incentives: Those who buy and install a solar energy system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $22,000 on your utility bills over 20 years not including incentives.

Solar is a fruitful investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and take advantage of solar incentives and rebates, all while helping preserve the environment.

Solar Incentives in Medford

Although a solar power system is typically a big investment, it can save you a significant amount of money over several years due to lower utility bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. Take a look at our article on solar incentives to see what incentives are available to you.

Environmental Impact of Switching to Solar in Medford

There are tons of reasons to trade traditional energy for solar energy, like saving some money on electricity bills and helping to reduce your carbon footprint. But how much can using solar energy instead of traditional energy actually help the environment? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. The advantages of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with committing to solar.