16 Best Solar Companies in Milford, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Milford

For many people considering switching to solar, the decision of which solar installer to choose depends on costs. There are quite a few factors you should consider when trying to figure out costs and your potential savings, including:

• How much power your household consumes: Households that use plenty of power each month may require more solar panels and, therefore, more upfront cost, but will also benefit more over time.
• The amount of sunlight your house gets: Because of Milford's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can generate an average of $22,000 of savings over 20 years.

Though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, such as the amount of daily direct sunlight available and incentives.

Solar Incentives in Milford

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 26% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. The table below shows you the incentives you can benefit from in Milford.

Environmental Impact of Switching to Solar in Milford

One of the best reasons to use solar energy is to decrease your reliance on traditional energy sources like burning fossil fuels, which are destructive for the environment. You may be trying to figure out — how much do solar panels do for the planet anyway? In a city like Milford where commute times can be very long, using solar power can help help reduce the carbon footprint of being on the road a lot. In Milford, the average homeowner can reduce their carbon footprint by 40 pounds a year after going solar. If you want to do what you can for the environment, you'll likely understand that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.