15 Best Solar Companies in Somerset, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Somerset

The cost of putting up a solar panel system has gone down immensely over the past few years, but it's still a significant investment for most homeowners. Some important things that affect the cost and possible savings include:

• Electricity consumption: The average household in Somerset doesn't use much energy, and as a result may not see as many savings on their power bills.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. In addition, you can save about $23,000 over 20 years on your utility bills, without incentives.
• Your income and budget: This affects what model of solar panels you can afford.
• Your power bills: This will influence how much you can save. In Somerset, the average resident can save about $1,000 a year on their electricity bills.

Thanks to solar panels decreasing in cost as well as various solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Somerset

One of the great things about installing a solar panel system is earning government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other local incentives. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Somerset

If you're considering adding solar panels to your home, one of the main reasons why may be to reduce your greenhouse gas emissions. But — how much exactly can you help by making the switch to solar? The average person has a sizable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and electricity for their home, it can be overwhelming to figure out what to do. Installing solar panels is a simple thing you can do to help. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 40 pounds each year. Since solar power is plentiful and produces electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help protect the environment.