14 Best Solar Companies in Woburn, MA (Aug 2022 Review)

The Cost and Benefits of Solar in Woburn

We know that for many homeowners, the choice to invest in solar depends on installation costs. There are a few factors you should consider when determining the overall cost and how much you can save, including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your 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 $22,000 over the first 20 years with your solar system, too.
• Choice of solar panels: The type of solar panels you choose 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 opt for a higher number of more affordable panels.
• Energy consumption: Solar may be too pricey an option for households that don't use too much energy a month.
• Your home's power bills: Because of fairly high monthly energy bills in Woburn, you could save about $1,000 a year with solar.

Solar is a rewarding investment for most homeowners. You can generate your own power instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping preserve the environment.

Solar Incentives in Woburn

Adopting solar power has many considerable benefits. Not only can it help preserve the planet, but you can also save some money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Woburn

Switching to solar energy can have a positive effect on the environment. You may be wondering — how much do solar panels help the environment anyway? In Woburn, where the energy generation could be cleaner, going solar can have a big effect on the planet since solar power has a lower carbon footprint. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. As you can see, investing in solar has so many other perks outside of saving money. One of the major ones is that you can help save the planet too.