16 Best Solar Companies in Limington, ME (Mar 2023 Review)

The Cost and Benefits of Solar in Limington

The cost of putting up a solar panel system has gone down immensely in the past several years, but it's still a large investment for most homeowners. A few important factors that dictate how much it will cost to install solar panels on your home and how much it could save you over time include:

• How much you spend on energy: If your local electricity rates are high, there's a good chance you'll see a higher return on your investment in a solar system. In Limington, you can save an average of $75 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Plus, you can save about $17,000 over 20 years on your utility bills, without incentives.
• average energy usage: The more energy your household uses on average and the greater your current energy bills are, the more benefits you'll see from making the switch to solar.
• Choice of solar panels: The kind 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 space isn't a constraint for your project, you can opt for a higher number of more affordable panels.

Due to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Limington

If you're considering switching to solar energy, a variety of government incentives and subsidies can drastically 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 systems, in addition to the federal solar tax credit. Our article on solar incentives has more information on the incentives you can find in Limington.

Environmental Impact of Switching to Solar in Limington

If you want to add solar panels to your home, one of the major reasons why may be to lower your greenhouse gas emissions. But how much can using solar energy instead of traditional energy actually affect the environment? One thing to keep in mind is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. If you go solar, your carbon dioxide emissions can be reduced by about 40 pounds every year. Since energy from the sun is renewable and generates electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help the environment.