11 Best Solar Companies in Wayland, MA (Oct 2022 Review)

The Cost and Benefits of Solar in Wayland

When picking a solar company, most homeowners or business owners worry about the costs above all. A few important factors that dictate how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• Incentives: Something that can reduce the cost of your solar project 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 utility bills, which can generate an average of $21,000 of savings over 20 years.
• Energy consumption: Installing solar panels may be too steep of an option for homes that don't consume too much energy a month.
• System size and type: Some models are more costly than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• How much you spend on energy: The average family in Wayland pays around $1,000 a year on home energy use alone, so you could end up with that much in savings.

Due to the cost of solar panels being lower than before as well as several solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Wayland

Because solar power is more sustainable than traditional energy sources, there are some government incentives in place to encourage people to make the switch. There are several federal, state and local rebates and tax credits that let you earn a decent amount of money in return after buying a qualifying system. Check out the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Wayland

One of the most compelling reasons to use solar power is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But you may be curious — how much exactly can you help by using solar power? One thing that can drastically shape your carbon footprint is how long your commute is and how much you drive overall. If you switch to solar power and have an electric car, you can vastly reduce your carbon dioxide emissions by charging your car at home. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, 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 reducing your carbon footprint.