15 Best Solar Companies in Somerset, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Somerset

The cost of putting up solar panels has gone down significantly over the past few years, but it's still a large investment for most homeowners. Some important factors that determine the cost of installing a solar panel system on your home and how much money you could save over time are:

• System size and type: Some models are more expensive than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Your energy bills: This will determine how much money you might save. In Somerset, the average homeowner can save about $1,000 a year on their electricity bills.
• Electricity consumption: The average home in Somerset doesn't use much energy, and therefore may not see as many savings on their power bills.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. In addition, you can save about $23,000 over 20 years on your utility bills, without incentives.

There are several great benefits of solar in spite of the initial cost of installation. It can help the planet and your bank account. In addition, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Somerset

If you're thinking about making the switch to solar energy, various government incentives and tax credits can immensely bring down the cost of the project and speed up the return on your investment. Local solar incentives vary by location and, sometimes, utility company. Many states offer rebates for solar power systems, in addition to the federal solar tax credit. For detailed information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Somerset

Lots of people want to do their part to help protect the planet, which often is the chief reason for installing solar panels. But how much can switching to solar actually help the environment? The more power you use, the better off the planet will be if you switch to solar since you won't need to burn as many fossil fuels. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. As you can see, trading traditional energy for solar has so many other benefits apart from saving money. One of the most important ones is that you can help save the environment too.