18 Best Solar Companies in Wenham, MA (Sep 2022 Review)

The Cost and Benefits of Solar in Wenham

Although solar panels can help save you a decent chunk of change on energy bills over time, it's necessary to take into consideration the startup costs. Some important factors that affect how much it will cost to install solar panels on your home and how much it could save you over time are:

• How much electricity your home consumes: Homes that need plenty of energy each month may call for more solar panels and, as a result, be more expensive, but will also save more on their energy bills over time.
• Incentives: Something 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 money on your utility bills, which can lead to an average of $23,000 of savings over 20 years.
• 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 solar panels. In Wenham, you can save an average of $85 a month on your electricity bills.
• The type of solar panels you're planning on getting: More efficient models are more expensive, so that will determine your budget for your solar project.

There are several good benefits of solar despite the upfront cost of installation. It can help the planet and your wallet. Plus, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Wenham

There are many good reasons why you should switch to solar. One of them consists of some government incentives that can help save you some money. These incentives mostly include cash rebates, tax breaks and/or performance-based incentives. They can lower the cost of going solar 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 Wenham

Making the switch to solar power is a powerful way to do your part for a greener future. But how much can installing solar panels actually help the environment? An important thing to consider is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so adopting solar power for your home can help offset that. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. If you care about the environment, you'll most likely recognize that there are many good things about adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.