16 Best Solar Companies in Worcester, MA (Jul 2022 Review)

The Cost and Benefits of Solar in Worcester

We get that for most homeowners, the decision to invest in solar depends on installation costs. There are a few factors you should consider when trying to determine the overall cost and how much you can save, such as:

• Your household's power bills: Due to fairly high monthly electricity bills in Worcester, you could save about $990 a year with solar.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 26% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $21,000 over 20 years on your energy bills.
• average energy usage: The more energy your home consumes on average and the higher your current energy bills are, the more likely you'll benefit from switching to solar.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.

So is a solar panel system worth it? Whether you're trying to decrease your electricity costs, greenhouse gas emissions or both, solar panels are a great investment for many Worcester homeowners.

Solar Incentives in Worcester

In order to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar more economically viable and accessible. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. Plus, there may often be some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Worcester

An important reason so many are thinking of installing solar panels is to help reduce their environmental impact. Something many might have in mind is how much can they really help the environment by going solar anyway? In a city like Worcester where commute times can be pretty long, installing solar panels can help help reduce the carbon footprint of driving a lot. Once you go solar, your carbon dioxide emissions can be reduced by about 40 pounds every year. As you can see, investing in solar has so many other benefits besides saving money. One of the major ones is that you can help save the Earth too.