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

The Cost and Benefits of Solar in North Reading

Even though solar panels can save you a decent chunk of change on energy over time, it's important to know the upfront costs. The cost and possible savings vary depending on some important factors such as:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 26% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $20,000 over 20 years on your energy bills.
• How much power your home consumes: Households that need lots of energy each month may require more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to produce as much energy, which will leave you with lower savings on energy bills than a roof that gets plenty of sunlight.

There are many great benefits of solar despite the initial cost of installation. It can help the Earth and your finances. Additionally, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in North Reading

Although installing solar panels is typically a big investment, it can save you a considerable amount of money over many years due to reduced energy bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 26% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. The table below lists out the incentives you can benefit from in North Reading.

Environmental Impact of Switching to Solar in North Reading

There are tons of reasons to switch to solar power, like saving on utility bills and helping to lower your carbon footprint. A question many might be thinking about is how much can they really help save the environment by going solar anyway? In a place like North Reading where commute times can be very long, installing solar panels can help help reduce the carbon footprint of driving a lot. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. Since energy from the sun is renewable and generates electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help the environment.