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

The Cost and Benefits of Solar in Milford

We get that for many homeowners, the choice to invest in solar depends on installation costs. There are a few factors you should take into consideration when trying to determine the overall cost and how much you can save, including:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• Your income and budget: This shapes what model of solar panels you can buy.
• Your current power bills: Solar panels can dramatically lower, or completely eliminate, your utility bills. In Milford, you can save an average of $87 a month.
• How much electricity your home consumes: Households that need a lot of energy each month may call for more solar panels and, as a result, be more costly, but will also benefit more over time.

So is a solar panel system worth it? Whether you'd like to decrease your electric bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Milford homeowners.

Solar Incentives in Milford

One of the good things about installing a solar panel system is receiving federal and potentially state incentives. In addition to the federal solar investment tax credit, there are also some local programs, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. In the table below, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Milford

There are lots of reasons to make the switch to solar energy, like saving some money on utility bills and helping to reduce your carbon footprint. You may be asking yourself — how much does making the switch help the planet anyway? Something that can dramatically shape your carbon footprint is how long your commute is and how much you drive in general. If you go solar and have an electric car, you can greatly reduce your carbon dioxide emissions by charging your car at home. Once you go solar, your carbon footprint can be reduced by about 40 pounds every year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.