17 Best Solar Companies in Winchendon, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Winchendon

Although solar panels can save you money on utility bills over time, it's important to take into consideration the startup costs. Some key factors that influence how much it will cost to install solar panels on your home and how much money you could save over time include:

• Your energy bills: This will influence how much money you might save. In Winchendon, the average resident can save about $1,100 a year on their electricity bills.
• The amount of sunlight your roof gets: This, plus your roof configuration, affects affect how much power your solar panels can generate.
• Choice of solar panels: The kind of solar panels you get 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 go with a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total 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 the first 20 years with your system, too.

There are lots of good benefits of solar even with the upfront cost of installation. It can help the planet and your bank account. Additionally, it can raise the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Winchendon

To increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar power more financially viable and accessible. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly stack the ITC with other state and city incentives. Check out our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Winchendon

There are a few big reasons why homeowners are considering solar energy: for the good of their bank accounts and the planet. But how much can installing solar panels actually help the environment? A significant thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be greater, so adopting solar power for your house can help offset that. If you go solar, your carbon emissions can be cut by about 40 pounds a year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.