17 Best Solar Companies in Scarborough, ME (Jan 2023 Review)

The Cost and Benefits of Solar in Scarborough

For many homeowners, whether or not you should invest in a solar energy system boils down to the cost. The cost of solar and the savings it generates vary depending on some key factors such as:

• Your current electric bills: Solar panels can noticeably decrease, or entirely eliminate, your utility bills. In Scarborough, you can save an average of $75 a month.
• Electricity consumption: The average household in Scarborough uses a decent amount of, and consequently may save on their energy bills.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $16,000 on your electricity bills over 20 years excluding incentives.
• System size and type: Some models are more expensive than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.

Solar is a rewarding investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and take advantage of solar incentives and rebates, all while helping preserve the environment.

Solar Incentives in Scarborough

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a significant amount of money in the long term because of smaller energy bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Scarborough

A lot of people want to do what they can to help the environment, which often is the prime motivation to install solar panels. Something many homeowners might be wondering about is how much can they really help save the environment by switching to solar power anyway? No matter where you are, you can help the environment by switching to solar energy, but homes that consume lots of energy will have an even bigger impact. Although making solar panels releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have released if you still used nonrenewable energy. In Scarborough, you can reduce your carbon footprint by 40 pounds a year with solar panels. As you can see, investing in solar has so many other benefits beyond saving money. One of the primary ones is that you can help save the environment too.