13 Best Solar Companies in Kennebunkport, ME (2023 Reviews)

The Cost and Benefits of Solar in Kennebunkport

Although solar panels can help save you a good amount of money on energy bills over time, it's important to consider the upfront costs. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Energy consumption: Installing solar panels may be a high-cost option for homes that don't use too much energy a month.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can lead to an average of $17,000 of savings over 20 years.
• The kind of solar panels you have the money for: This is dependent on your income and budget.
• Your power bills: This will affect how much you can save. In Kennebunkport, the average resident can save about $940 a year on their electricity bills.

There are lots of wonderful benefits of solar despite the upfront cost of installation. It can help the environment and your finances. Plus, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Kennebunkport

If you're planning on making the switch to solar power, a number of government incentives and solar rebates can greatly lower the installation costs and expedite the return on your investment. Local solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. Take a look at our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Kennebunkport

There are tons of reasons to switch to solar energy, like saving on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Kennebunkport, though. The average person has a considerable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions every year, and energy for their home, it can be overwhelming to figure out what to do. Going solar is a simple thing you can do to help. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. As you can see, going solar has so many other benefits beyond saving money. One of the most important ones is that you can help save the planet too.