15 Best Solar Companies in Wellesley, MA (Feb 2023 Review)

The Cost and Benefits of Solar in Wellesley

The cost of putting up solar panels has gone down greatly over the past few years, but it's still a substantial investment for most homeowners. Some significant things that determine the cost and possible savings include:

• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your energy bills, which can lead to an average of $22,000 of savings over 20 years.
• Average daily sunlight: Since Wellesley gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• Your current electricity bills: Solar panels can noticeably decrease, or entirely eradicate, your utility bills. In Wellesley, you can save an average of $84 a month.
• System size and type: Some models are more costly than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, like the kind of solar panels you get and your current power bills.

Solar Incentives in Wellesley

Because solar power is a cleaner source of energy than burning fossil fuels, there are some government incentives in place to encourage people to make the switch. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other local rebates and benefits. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Wellesley

There are lots of reasons to trade traditional energy for solar energy, like saving some money on electricity bills and helping to lower your carbon footprint. But how much can installing solar panels actually help the environment? One thing to consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. As you can see, going solar has so many other benefits apart from saving money. One of the main ones is that you can help save the environment too.