14 Best Solar Companies in Spencer, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Spencer

While solar panels can help save you a decent chunk of change on power bills over time, it's necessary to consider the startup costs. Some main factors that influence the cost of installing solar panels on your home and how much it could save you over time are:

• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your power bills, which can generate an average of $22,000 of savings over 20 years.
• How much power your household needs: If your home needs to use a lot of energy, you'll see more savings from going solar.
• Your energy bills: This will impact how much money you might save. In Spencer, the average resident can save about $1,000 a year on their electricity bills.
• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Solar is a fruitful investment for most homeowners. You can produce your own electricity instead of paying for it from the grid and take advantage of solar tax credits and rebates, all while helping the Earth.

Solar Incentives in Spencer

If you're thinking about making the switch to solar energy, various government incentives and subsidies can dramatically bring down your project costs and speed up the return on your investment. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can use to further cut back on the cost of solar of solar panels. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Spencer

There are tons of reasons to switch to solar power, like saving on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Spencer, though. According to the EPA, electricity production is the second biggest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Using solar power can help lower that statistic in a city like Spencer that produces a fair amount of carbon dioxide emissions each year. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. The great things about solar power are infinite — just like solar power is! That's why so many Spencer residents have been happy with making the switch to solar.