16 Best Solar Companies in Milford, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Milford

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your system. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Your home's power bills: With fairly high monthly energy bills in Milford, you could save about $1,000 a year with solar.
• average energy usage: The more electricity your home consumes on average and the steeper your current electricity bills are, the more money you could save by making the switch to solar.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Additionally, you can save about $22,000 over 20 years on your utility bills, without incentives.
• Choice of solar panels: The type of solar panels you choose 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 go with a higher number of more affordable panels.

There are lots of good benefits of solar in spite of the initial cost of installation. It can help the environment and your bank account. In addition, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

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 our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Milford

An important reason so many homeowners consider going solar is to help bring down their environmental impact. Something many homeowners might be thinking about is how much can they really help the environment by switching to solar power anyway? One thing that can severely shape your carbon footprint is your commute time and how much you drive altogether. If you switch to solar power and have an electric car, you can vastly lower your carbon dioxide emissions by charging your car at home. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. If you want to do what you can for the environment, you'll no doubt find that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.