15 Best Solar Companies in Newton, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Newton

While solar panels can help save you a decent chunk of change on utility bills over time, it's necessary to take into consideration the startup 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:

• How much you spend on energy: The average household in Newton pays around $1,000 a year on energy use alone, so you could be looking at that much in savings.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your energy bills, which can result in an average of $22,000 of savings over 20 years.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Energy consumption: Installing solar panels may be an expensive option for households that don't use a good amount of energy per month.

Due to solar panels decreasing in cost as well as various solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Newton

Since solar power is a cleaner source of energy than burning fossil fuels, there are various government incentives available to encourage people to make the switch. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can use to further cut back on the cost of solar of solar panels. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Newton

Many want to do their part to help save the planet, which for many is the main motivation to install solar panels. A question many people might have in mind is how much can they really help preserve the environment by going solar anyway? One thing you should 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 install solar panels on your home to power your EV and therefore help offset your carbon emissions. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Newton, you can reduce your carbon footprint by 40 pounds a year with solar panels. The benefits of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.