14 Best Solar Companies in Newbury, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Newbury

We understand that for many homeowners, the choice to invest in solar hinges on installation costs. There are several factors you should consider when determining how much it will cost and how much you can save, including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $23,000 over 20 years with your system, too.
• Your energy bills: This will dictate how much money you might save. In Newbury, the average resident can save about $1,000 a year on their electricity bills.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Your energy consumption: If your family regularly uses a lot of energy, you'll benefit more from going solar.

Solar is a rewarding investment for most homeowners. You can produce your own electricity instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping preserve the planet.

Solar Incentives in Newbury

Because solar power is better for the environment than fossil fuels, there are various government incentives available to encourage people to make the switch. Local solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar power, in addition to the federal solar tax credit. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Newbury

One of the best reasons to adopt solar energy is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. But how much can installing solar panels actually affect the environment? The average person has a considerable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions every year, and electricity for their home, it can be overwhelming to think about what to do. Switching to solar is one of the easiest things you can do to help. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. For those who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.