17 Best Solar Companies in North Reading, MA (Oct 2022 Review)

The Cost and Benefits of Solar in North Reading

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to install your system. A few main factors that affect how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• The make and model of solar panels you want to get: More efficient panels are more costly, so that will shape your budget for your solar project.
• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar system won't be able to make as much energy, which will give you lower savings on energy bills than a house with a roof that gets lots of sunlight.
• How much energy you use: If your household regularly uses a lot of energy, you'll see more savings from going solar.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $20,000 on your energy bills over 20 years not including incentives.

So is buying solar panels worth it? Whether you're trying to reduce your electric bills, carbon emissions or both, solar panels are a great investment for many North Reading homeowners.

Solar Incentives in North Reading

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you much money over several years due to reduced utility bills and government incentives. In addition to the federal tax credit incentive, there are also some local incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. The table below gives you an idea of the incentives you can benefit from in North Reading.

Environmental Impact of Switching to Solar in North Reading

Installing solar panels can have a meaningful impact on the environment. You may be curious — how much do solar panels do for the environment anyway? An important thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be greater, so switching to solar power for your house can help offset that. In North Reading, the average resident can lower their carbon footprint by 40 pounds a year after going solar. As you can see, trading traditional energy for solar has so many other perks outside of saving money. One of the main ones is that you can help save the environment too.