17 Best Solar Companies in North Reading, MA (Jan 2023 Review)

The Cost and Benefits of Solar in North Reading

The cost of installing solar panels has gone down greatly in the past few years, but it's still a substantial investment for most homeowners. Some important things that influence the upfront cost and potential savings over time include:

• The amount of sunlight your area gets: Thanks to North Reading's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• The model of solar panels you can purchase: This is dependent on what your budget is.
• Your current energy bills: Solar panels can greatly decrease, or entirely get rid of, your utility bills. In North Reading, you can save an average of $79 a month.
• Incentives: Something that can make your solar project cost less 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 utility bills, which can result in an average of $20,000 of savings over 20 years.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, including the size of your house and incentives.

Solar Incentives in North Reading

One of the good things about installing a solar panel system is receiving federal and potentially state incentives. These incentives typically consist of cash rebates, tax benefits and/or performance-based incentives. They can reduce the cost you pay for going solar by 30%, upwards of 50% depending on your location. Check out our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in North Reading

Installing solar panels can have a positive impact on the environment. But — how much exactly can you help by using solar power? One thing that can dramatically influence your carbon footprint is your commute time and how much you drive overall. If you switch to solar power and have an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 40 pounds each year. As you can see, going solar has so many other perks apart from saving money. One of the major ones is that you can help save the Earth too.