15 Best Solar Companies in North Berwick, ME (Mar 2023 Review)

The Cost and Benefits of Solar in North Berwick

For most homeowners, the decision to invest in solar panels boils down to the cost. Some main factors that dictate how much it will cost to install a solar panel system on your home and how much it could save you over time are:

• The kind of solar panel system you can afford: This hinges on how much you're willing to invest upfront.
• The cost of energy for you: If your local utility rates are high, there's a good chance you'll have a higher return on your investment in solar panels. In North Berwick, you can save an average of $75 a month on your electricity bills.
• Incentives: Something that can reduce the cost of 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 money on your power bills, which can lead to an average of $17,000 of savings over 20 years.
• Your home's orientation toward the sun: This, and how your roof is set up, affects affect how much electricity your solar panels can generate.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and your local electricity rates.

Solar Incentives in North Berwick

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a lot of money over several years because of lower utility bills and government incentives. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there are often some state and city incentives that you can benefit from to further save. 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 North Berwick

There are many reasons to switch to solar energy, like saving money 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 North Berwick, though. In a city like North Berwick where commute times can be pretty long, going solar can help offset some of your carbon dioxide emissions from being on the road a lot. In North Berwick, the average person can reduce their carbon footprint by 40 pounds a year once they go solar. Since solar energy is abundant and produces electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help preserve the planet.