17 Best Solar Companies in Bowdoin, ME (Mar 2023 Review)

The Cost and Benefits of Solar in Bowdoin

For many homeowners, whether or not you should invest in a solar energy system depends the most on the cost. The overall price and potential savings vary depending on a few important factors such as:

• The model of solar panel system you have the money for: This is dependent on how much you're willing to invest upfront.
• Electricity consumption: The average household in Bowdoin uses a decent amount of, and therefore may save on their energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% 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 $16,000 over 20 years with your system, too.
• The amount of sunlight your rooftop gets: Due to Bowdoin's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

There are several great benefits of solar in spite of the initial cost of installation. It can help the planet and your finances. Additionally, it can boost the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Bowdoin

Because solar power is a cleaner source of energy than fossil fuels, there are some government incentives in place to encourage its adoption. There are several federal, state and local rebates and tax credits that can earn you a decent amount of money back after installing a qualifying system. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Bowdoin.

Environmental Impact of Switching to Solar in Bowdoin

Lots of people want to do their part for the planet, which for many is the chief reason for installing solar panels. You may be wondering — how much does going solar help the environment anyway? In a city like Bowdoin where energy use is rather high, making the switch to solar power is a great idea for homeowners who are worried about the state of the planet. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. As you can see, using solar power has so many other rewards besides saving money. One of the primary ones is that you can help save the Earth too.