13 Best Solar Companies in Falmouth, ME (Mar 2023 Review)

The Cost and Benefits of Solar in Falmouth

We get that for most homeowners, the choice to invest in solar highly depends on installation costs. Some important things that affect the upfront cost and potential savings over time include:

• Energy consumption: Installing a solar system may be too pricey an option for households that don't need a lot of energy a month.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can give you an average of $16,000 of savings over 20 years.
• The type of solar panels you want: More efficient models have higher prices, so that will influence your budget for your solar project.
• The cost of electricity in your area: If your local utility rates are high, there's a better chance you'll see a higher return on your investment in a solar system. In Falmouth, you can save an average of $75 a month on your electricity bills.

Solar is a fruitful investment for most homeowners. You can generate your own energy instead of paying for it from the grid and make use of solar tax credits and rebates, all while helping the environment.

Solar Incentives in Falmouth

Since solar power is a cleaner source of energy than traditional energy sources, there are quite a few government incentives in place to encourage its adoption. State and city solar incentive programs vary by location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. For more information about incentives for homeowners in Falmouth, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Falmouth

Installing solar panels can have a beneficial effect on the environment. But — how much exactly can you help by making the switch to solar? One thing you should consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. Since solar energy is abundant and generates electricity without CO2 emissions, installing solar panels is one easy step you can take to help preserve the planet.