13 Best Solar Companies in Upton, MA (Oct 2022 Review)

The Cost and Benefits of Solar in Upton

The cost of installing solar panels has gone down significantly in the past few years, but it's still a significant investment for most homeowners. The cost of solar and the savings it generates vary depending on some important factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $22,000 over the first 20 years with your system, too.
• Electricity consumption: The average home in Upton doesn't use much energy, and therefore may not see as many savings on their power bills.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Your household's power bills: Due to fairly high monthly power bills in Upton, you could save about $1,000 a year with solar.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Upton

Although installing solar panels is typically a large investment, it can save you a considerable amount of money over several years due to reduced power bills and government incentives. In addition to the federal tax credit incentive, there are also some state- and city-level programs, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. Check out the table below to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Upton

Many want to do what they can to help protect the planet, which in many cases is the prime reason they're interested in installing a solar system. But you may be curious — how much exactly can you help by using solar power? In a place like Upton where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from driving a lot. 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. For people who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.