14 Best Solar Companies in Templeton, MA (Oct 2022 Review)

The Cost and Benefits of Solar in Templeton

Although solar panels can help save you a decent chunk of change on utility bills over time, it's important to take into consideration the startup costs. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Your power bills: This will influence how much you can save. In Templeton, the average resident can save about $1,000 a year on their electricity bills.
• Incentives: Those who purchase and install a solar energy system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $22,000 on your utility bills over 20 years without incentives.
• Typical energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more money you could save by making the switch to solar.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.

There are several great benefits of solar even with the initial cost of installation. It can help the planet and your finances. Plus, it can boost the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Templeton

To increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. For detailed information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Templeton

Making the switch to solar power is a powerful way to do your part for a more eco-friendly future. But how much can switching to solar actually affect the environment? Adopting solar power is a sustainable choice for the environment, due to the fact that the largest source of greenhouse gas emissions in the U.S. is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. In Templeton, the average household can lower their carbon footprint by 40 pounds a year once they go solar. The benefits of solar power are abundant — just like solar power is! That's why so many Templeton residents have been happy with committing to solar.