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

The Cost and Benefits of Solar in Paxton

For the majority of homeowners, whether or not you should invest in solar energy comes down to the cost. There are several factors you should take into consideration when trying to figure out how much it will cost and how much you can save, including:

• Electricity consumption: The average home in Paxton doesn't use much energy, and consequently may not see as many savings on their power bills.
• The type of solar panels you can purchase: This depends on your income and budget.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $22,000 over 20 years with your system, too.
• How much you spend on energy: If your local power rates are quite high, there's a good chance you'll see a higher return on your investment in a solar system. In Paxton, you can save an average of $86 a month on your electricity bills.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Paxton

Because solar power is more sustainable than traditional energy sources, there are quite a few government incentives in place to encourage its adoption. There are a lot of federal, state and local rebates and tax credits that let you earn some money back after buying solar panels. For detailed information about incentives that apply to you, see the table below.

Environmental Impact of Switching to Solar in Paxton

There are a few key reasons why homeowners are considering solar energy: for the good of their bank accounts and the planet. You may be asking yourself — how much does going solar help the environment anyway? According to the EPA, electricity production is the second largest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Switching to a clean energy source like solar power can help lower that number in a city like Paxton that accounts for a fair amount of carbon dioxide emissions each year. In Paxton, the average homeowner can reduce their carbon footprint by 40 pounds a year once they go solar. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.