11 Best Solar Companies in North Andover, MA (Sep 2022 Review)

The Cost and Benefits of Solar in North Andover

When choosing a solar company, most homeowners or business owners worry about the costs above all. Some significant things that impact the upfront cost and potential savings over time include:

• The model of solar panels you have the money for: This depends on your income and budget.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. In addition, you can save about $22,000 over 20 years on your utility bills, without incentives.
• Your household's power bills: Based on the fairly high monthly electric bills in North Andover, you could save about $990 a year with solar.
• How much power your home consumes: Homes that consume lots of energy each month may need more solar panels and, consequently, be more expensive, but will also enjoy more savings over time.

There are several good benefits of solar in spite of the upfront cost of installation. It can help the Earth and your finances. In addition, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in North Andover

Switching to solar power has a lot of great benefits. Not only can it help protect the planet, but you can also save a decent amount of money on your installation with various government incentives. When you install a solar panel system on your home, you become eligible to 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 may often be some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Take a look at the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in North Andover

One reason so many are thinking of adopting solar energy is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in North Andover, though. The average person has a sizable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and energy for their home, it can be overwhelming to think about what to do. Switching to solar is a simple thing you can do to help. After you go solar, your carbon dioxide emissions can be lowered by about 40 pounds a year. If you care about the environment, you'll no doubt understand that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.