17 Best Solar Companies in Nahant, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Nahant

While solar panels can help save you a good amount of money on energy over time, it's important to consider the upfront costs. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $23,000 over 20 years on your energy bills.
• The model of solar panel system you can afford: This depends on your income and budget.
• Average daily sunlight: Since Nahant gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much you can save on your energy bills.
• Electricity consumption: The average household in Nahant doesn't use much energy, and so may not see as many savings on their power bills.

Due to the cost of solar panels being lower than before as well as various solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Nahant

One of the good things about installing a solar panel system is receiving incentives from the government. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. Check out our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Nahant

A lot of people want to do their part for the planet, which often is the chief motivation to install a solar system. A question many people might be asking themselves is how much can they really help the environment by switching to solar power anyway? In a city like Nahant where commute times can be very long, using solar power can help offset some of your carbon dioxide emissions from driving a lot. In fact, if you make the switch to solar power, 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 major ones is that you can help save the Earth too.