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

The Cost and Benefits of Solar in Tewksbury

Even though solar panels can save you money on energy over time, it's necessary to take into consideration the startup costs. The cost of solar and the savings it generates vary depending on a few key factors such as:

• How much power your home consumes: Homes that use lots of electricity each month may need more solar panels and, therefore, be more expensive, but will also benefit more over time.
• The amount of sunlight your roof gets: This, plus the configuration of your roof, affects affect how much energy your solar panels can make.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• The type of solar panels you can afford: This hinges on how much you're willing to invest upfront.

Because of the cost of solar panels being lower than before as well as local and federal solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Tewksbury

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economical and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. Our article on solar incentives goes over more information on the incentives you can find in Tewksbury.

Environmental Impact of Switching to Solar in Tewksbury

There are a few key reasons why homeowners want to invest in solar energy: to help their wallet and the environment. Something many might have in mind is how much can they really help the environment by going solar anyway? The average person has a considerable 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. Going solar is a simple thing you can do to help. In Tewksbury, the average resident can lower their carbon footprint by 40 pounds a year after going solar. If you want to do your part for the environment, you'll most likely recognize that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.