16 Best Solar Companies in Wakefield, MA (Oct 2022 Review)

The Cost and Benefits of Solar in Wakefield

The cost of putting up a solar panel system has gone down immensely over the past several years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Average daily sunlight: Since Wakefield gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your electricity bills will be.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $21,000 over the first 20 years with your solar panels, too.
• The cost of energy for you: If your local utility rates are quite high, there's a better chance you'll see a higher return on your investment in a solar system. In Wakefield, you can save an average of $81 a month on your electricity bills.
• The make and model of solar panels you're planning on getting: Some are more highly priced, so that will determine your budget for your solar project.

So is buying solar panels worth it? Whether you're trying to decrease your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many Wakefield homeowners.

Solar Incentives in Wakefield

If you're considering switching to solar power, various government incentives and state programs can drastically bring down the installation costs and expedite the return on your investment. When you install a solar panel system on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. For more information about incentives for homeowners in Wakefield, check out the table below.

Environmental Impact of Switching to Solar in Wakefield

Swapping traditional energy for solar is a great way to do your part for a cleaner and more sustainable future. But how much can installing solar panels actually affect the environment? One thing you should consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In Wakefield, the average person can lower their carbon footprint by 40 pounds a year once they go solar. Since solar energy is abundant and makes electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.