12 Best Solar Companies in Tyngsborough, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Tyngsborough

We get that for most homeowners, the decision to invest in solar rests on installation costs. The cost and possible savings vary depending on some key factors such as:

• The kind of solar panel system you can purchase: This hinges on what your budget is.
• Your energy bills: This will affect how much you can save. In Tyngsborough, the average homeowner can save about $1,000 a year on their electricity bills.
• Energy consumption: Solar may be an expensive option for families that don't use too much energy per month.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 26% of the project cost. Your state may also have various incentives that you can take advantage of. Additionally, you can save about $22,000 over 20 years on your utility bills, before factoring in incentives.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, like the size of your house and your energy consumption.

Solar Incentives in Tyngsborough

Since solar power is a cleaner source of energy than burning fossil fuels, there are various government incentives available to encourage people to make the switch. There are quite a few federal, state and local rebates and tax credits that can earn you anywhere from 26% to 50% of your money back after buying a qualifying system. For detailed information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Tyngsborough

Installing solar panels can have a positive effect on the environment. But how much can switching to solar actually affect the environment? As stated by the EPA, electricity generation is the second largest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Switching to a clean energy source like solar power can help bring down that statistic in a city like Tyngsborough that produces a fair amount of carbon dioxide emissions each year. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 40 pounds each year. As you can see, trading traditional energy for solar has so many other perks besides saving money. One of the major ones is that you can help save the Earth too.