16 Best Solar Companies in Raymond, ME (Jan 2023 Review)

The Cost and Benefits of Solar in Raymond

The cost of putting up a solar panel system has gone down immensely in the past few years, but it's still a significant investment for most homeowners. There are several factors you should take into consideration when trying to figure out the overall cost and how much you can save, such as:

• Incentives: Those who buy and install a solar energy system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $16,000 on your utility bills over 20 years without incentives.
• Your income and budget: This determines what type of solar panels you can afford.
• How much you spend on energy: 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 Raymond, you can save an average of $75 a month on your electricity bills.
• Average daily sunlight: Since Raymond gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your electricity bills will be.

There are lots of wonderful benefits of solar even with the initial cost of installation. It can help the Earth and your bank account. Plus, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Raymond

Because solar power is more sustainable than fossil fuels, there are various government incentives available to encourage people to make the switch. These incentives normally take the form of cash rebates, tax breaks and/or performance-based incentives. They can reduce the cost you pay for installing solar panels by 30%, upwards of 50% in some cases. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Raymond

If you're considering adding solar panels to your home, one of the primary reasons why may be to lower your reliance on nonrenewable energy. You may be curious — how much does going solar do for the environment anyway? The average person has a substantial carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions a year, and electricity for their home, it can be overwhelming to figure out what to do. Going solar is a simple thing you can do to help. Though making solar panels emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Raymond, you can reduce your carbon footprint by 40 pounds a year with solar panels. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.