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

The Cost and Benefits of Solar in Newburyport

When deciding on a solar company, most homeowners or business owners care about the costs above all. There are a few factors you should take into consideration when trying to determine costs and your potential savings, including:

• How much energy your household consumes: Homes that use a lot of power each month may need more solar panels and, therefore, be more costly, but will also benefit more over time.
• How much energy costs for you: The typical family in Newburyport spends around $1,000 a year on electricity alone, so you could end up with that much in savings.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $23,000 on your electricity bills over 20 years without incentives.
• The kind of solar panel system you can purchase: This depends on your income and budget.

So is buying solar panels worth it? Whether you're trying to decrease your energy bills, carbon dioxide emissions or both, solar panels are a good investment for many Newburyport homeowners.

Solar Incentives in Newburyport

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over time because of reduced power bills and government incentives. In addition to the federal tax credit incentive, there are also some local benefits, which in almost all cases, stack with the federal incentive, so you get to save even more. For detailed information about incentives for homeowners in Newburyport, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Newburyport

One of the reasons so many are considering going solar is to help lower their environmental impact. A question many homeowners might be thinking about is how much can they really help save the environment by switching to solar power anyway? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. If you go solar, your carbon dioxide emissions can be lowered by about 40 pounds each year. The great things about solar power are infinite — just like solar power is! That's why so many people have been happy with making the switch to solar.