13 Best Solar Companies in Topsfield, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Topsfield

While solar panels can help save you a decent chunk of change on energy bills over time, it's important to take into consideration the upfront costs. Some important things that impact the upfront cost and potential savings over time include:

• Energy consumption: Installing a solar system may be an expensive option for homes that don't use too much energy per month.
• Incentives: Those who purchase and install a solar system this year can save 26% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $22,000 on your electricity bills over 20 years without incentives.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your household's power bills: Based on the fairly high monthly energy bills in Topsfield, you could save about $980 a year with solar.

So is installing solar panels worth it? Whether you want to decrease your electricity costs, carbon dioxide emissions or both, solar panels are a solid investment for many Topsfield homeowners.

Solar Incentives in Topsfield

Because solar power is a cleaner source of energy than traditional energy sources, there are a number of government incentives available to encourage its adoption. When you install solar panels on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 26% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can benefit from to further save. The table below lets you know about the incentives you can find in Topsfield.

Environmental Impact of Switching to Solar in Topsfield

Swapping traditional energy for solar is a great way to do your part for a greener future. But how much can using solar energy instead of traditional energy actually help the environment? In a city like Topsfield where commute times can be very long, going solar can help help reduce the carbon footprint of driving. When you go solar, your carbon dioxide emissions can be reduced by about 40 pounds every year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.