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

The Cost and Benefits of Solar in Litchfield

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to set up your panels. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Your income and budget: This determines what type of solar panels you can afford.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• Whether or not your roof gets a lot of direct sunlight: This, along with your roof configuration, affects affect how much power your solar panels can generate.
• average energy usage: The more power your home uses on average and the steeper your current power bills are, the more likely you'll benefit from making the switch to solar.

So is installing solar panels worth it? Whether you're trying to lower your electric bills, greenhouse gas emissions or both, solar panels are a solid investment for many Litchfield homeowners.

Solar Incentives in Litchfield

There are many good reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Litchfield

Making the switch to solar power is a compelling way to do what you can for a more eco-friendly future. You may be trying to figure out — how much do solar panels do for the environment anyway? Everyone can help save the environment by switching to solar energy, but homes that use a lot of energy will have an even greater impact. In Litchfield, the average resident can reduce their carbon footprint by 40 pounds a year once they go solar. As you can see, going solar has so many other perks apart from saving money. One of the major ones is that you can help save the planet too.