15 Best Solar Companies in Waltham, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Waltham

For most homeowners, whether or not you should invest in a solar energy system boils down to the cost. The cost of solar and the savings it generates vary depending on some key factors such as:

• Choice of solar panels: The kind of solar panels you need 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Average daily sunlight: Since Waltham gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• average energy usage: The more power your home consumes on average and the higher your current power bills are, the more money you could save by going solar.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can lead to an average of $23,000 of savings over 20 years.

Because of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Waltham

If you're considering switching to solar energy, a variety of government incentives and tax credits can immensely reduce your project costs and expedite the return on your investment. These incentives mostly take the form of cash rebates, tax breaks and/or performance-based incentives. They can reduce how much you pay for installing solar panels by 26 to 50% in some cases. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Waltham

There are lots of reasons to switch to solar power, like saving money on electricity bills and helping to lower your carbon footprint. But how much can installing solar panels actually help the environment? In a city like Waltham where commute times can be pretty long, installing solar panels can help offset some of your carbon dioxide emissions from being on the road a lot. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by considerably lowering the amount of CO2 you would have released if you still used traditional energy. In Waltham, you can reduce your carbon footprint by 40 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other benefits outside of saving money. One of the main ones is that you can help save the planet too.