12 Best Solar Companies in Merrimac, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Merrimac

We get that for many homeowners, the decision to invest in solar depends on installation costs. There are quite a few factors you should consider when trying to determine how much it will cost and how much you can save, such as:

• How much power your home consumes: Households that need plenty of power each month may call for more solar panels and, consequently, be more expensive, but will also benefit more over time.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. In addition, you can save about $23,000 over 20 years on your utility bills, not including incentives.
• The model of solar panels you're planning on getting: Higher-efficiency panels are more highly priced, so that will determine your budget for your solar project.
• The cost of electricity in your area: If your local electricity rates are quite high, there's a good chance you'll end up with a higher return on your investment in solar panels. In Merrimac, you can save an average of $86 a month on your electricity bills.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Merrimac

One of the great things about installing a solar panel system is receiving government incentives. There are a lot of federal, state and local rebates and tax credits that may earn you some money back after buying a solar panel system. In the table below, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Merrimac

Switching to solar energy can have a meaningful effect on the environment. You may be asking yourself — how much does making the switch help the planet anyway? In a place like Merrimac where commute times can be very long, using solar power can help help reduce the carbon footprint of being on the road a lot. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 40 pounds each year. As you can see, going solar has so many other perks beyond saving money. One of the main ones is that you can help save the environment too.