15 Best Solar Companies in Newton, NH (Aug 2022 Review)

The Cost and Benefits of Solar in Newton

The cost of installing solar panels has dropped significantly in the past few years, but it's still a large investment for most homeowners. Some important factors that dictate the cost of installing solar panels on your home and how much it could save you over time are:

• The make and model of solar panels you're planning on getting: More efficient panels cost more, so that will determine your budget for your solar project.
• How much you spend on energy: The average household in Newton shells out around $900 a year on home energy use alone, so you could be looking at that much in savings.
• How much energy your household consumes: Homes that use a lot of energy each month may call for more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your power bills, which can generate an average of $18,000 of savings over 20 years.

So is a solar system worth it? Whether you hope to decrease your electric bills, carbon dioxide emissions or both, solar panels are a great investment for many Newton homeowners.

Solar Incentives in Newton

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar power more economical and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city incentives. Take a look at the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Newton

Installing solar panels is a powerful way to do your part for a more eco-friendly future. But how much can installing solar panels actually affect the environment? In Newton, where the energy generation could be cleaner, going solar can have a huge impact on the planet since solar power is an abundant source of clean energy. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. If you want to do your part for the environment, you'll likely recognize that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.