18 Best Solar Companies in Wenham, MA (Jan 2023 Review)

The Cost and Benefits of Solar in Wenham

Solar panels are powered by a free energy source — the sun — but to take advantage of this you must first pay to set up your system. Some key things that influence the cost and possible savings include:

• 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. Not including incentives, you can save an average of $23,000 over 20 years with your solar system, too.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Typical energy usage: The more electricity your household uses on average and the larger your current electricity bills are, the more money you could save by switching to solar.
• Your current electricity bills: Solar panels can greatly lower, or entirely eradicate, your utility bills. In Wenham, you can save an average of $85 a month.

Solar is a worthwhile investment for most homeowners. You can produce your own power instead of paying for it from a utility company and take advantage of solar incentives, all while helping preserve the planet.

Solar Incentives in Wenham

One of the good things about installing a solar panel system is receiving federal and potentially state incentives. These incentives mostly include cash rebates, tax breaks and/or performance-based incentives. They can lower the cost of going solar by 30%, upwards of 50% depending on where you live. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Wenham

Many want to do their part to help save the planet, which in many cases is the main motivation to install a solar system. But how much can switching to solar actually affect the environment? The amount of energy you use is an important factor to consider. The more power your home uses, the bigger your impact when you switch to solar energy. In Wenham, the average household can lower their carbon footprint by 40 pounds a year once they go solar. For people who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.