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

The Cost and Benefits of Solar in Melrose

For many people, the decision of which solar installer to go with depends on prices. A few important factors that dictate the cost of installing solar panels on your home and how much money you could save over time are:

• How much energy your household consumes: Homes that use lots of power each month may require more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• The make and model of solar panels you're thinking of getting: More efficient models are more highly priced, so that will influence your budget for your solar project.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panels won't be able to make as much energy, which will give you lower savings on electricity bills than a roof that gets lots of sunlight.

Solar is a profitable investment for most homeowners. You can generate your own energy instead of paying for it from a utility company and benefit from solar incentives, all while helping the environment.

Solar Incentives in Melrose

Since solar power is better for the environment than traditional energy sources, there are quite a few government incentives available to encourage people to make the switch. On top of the federal solar investment tax credit, there are also some local incentives, which in most cases, stack with the federal incentive, so you get to save even more. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Melrose

Installing solar panels is a good way to do your part for a more eco-friendly future. You may be asking yourself — how much does making the switch help the environment anyway? An important thing to think about is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so adopting solar power for your home can help offset that. In Melrose, the average person can reduce their carbon footprint by 40 pounds a year after going solar. If you care about the environment, you'll no doubt get that there are many good things about adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.