13 Best Solar Companies in Montague, MA (2023 Reviews)

The Cost and Benefits of Solar in Montague

For lots of homeowners, whether or not to invest in solar panels depends the most on the cost. The overall price and potential savings vary depending on some key factors such as:

• Your income and budget: This guides what kind of solar panels you can afford.
• Incentives: Something that can save you money on 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 lead to an average of $21,000 of savings over 20 years.
• Your power bills: This will influence how much you can save. In Montague, the average resident can save about $980 a year on their electricity bills.
• Your location: This influences how much sunlight your roof gets, which helps determine how many panels you need.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Montague

Although solar power is typically a large investment, it can save you a lot of money over many years because of smaller power bills and government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other state and city rebates and benefits. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Montague

There are many reasons to trade traditional energy for solar power, like saving some money on electricity bills and helping to lower your carbon footprint. But how much can switching to solar actually help the environment? How much energy you use is a significant factor to think about. The more energy your household consumes, the larger your impact when you go solar. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. For people who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.