17 Best Solar Companies in Melrose, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Melrose

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to set up your system. A few key factors that influence how much it will cost to install solar panels on your home and how much it could save you over time are:

• Average daily sunlight: Since Melrose gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 26% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Additionally, you can save about $22,000 over 20 years on your utility bills, before factoring in incentives.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive 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.
• Typical energy usage: The more energy your household uses on average and the greater your current energy bills are, the more likely you'll benefit from switching to solar.

Thanks to the cost of solar panels being lower than before as well as various solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Melrose

There are several reasons why you should switch to solar. One of them involves some government incentives that can save you money. There are several federal, state and local rebates and tax credits that let you earn a decent amount of money in return after paying for solar panels. The table below lists out the incentives you can find in Melrose.

Environmental Impact of Switching to Solar in Melrose

If you're considering adding solar panels to your home, one of the principal reasons why may be to lower your greenhouse gas emissions. But how much can installing solar panels actually help the environment? In a place like Melrose where commute times can be very long, using solar power can help help reduce the carbon footprint of driving. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could lower 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 offsetting your carbon emissions.