7 Reasons Why Massachusetts Solar Panels Are Worth the Investment
Massachusetts residents have many reasons to be proud of their home state, but one thing that’s not so great about Massachusetts is the average electricity prices. The United States Energy Information Administration reports that Massachusetts pays 18.19 cents per kilowatt hour of electricity, which isn’t nearly as low as the national average of 10.59 cents per kilowatt hour.
In order to save money on your electric bill and help your home become more environmentally-friendly, you should consider getting solar panels installed in your area! Here are 7 reasons why solar panels are worth it and the benefits in Massachusetts. Trust our solar companies in MA to get the job done right and stress-free!
#1: Save Money on Electricity Bills
There are many reasons why people invest in solar panels. Aside from improving your house’s curb appeal, making your home more valuable and helping protect our environment, you can save hundreds (or even thousands) of dollars on electricity bills over time.
The first advantage of solar panels is that they will save you a significant amount of money. Depending on your electricity usage and location, you could be saving as much as 80% off your monthly electricity bill. That’s great news because it can save you a lot of money. Plus, any savings from excess energy produced by your panels can be sold back to local power companies through net metering programs.
#2: Cut Carbon Emissions
Replacing your home’s energy consumption with solar power reduces your carbon footprint and helps us reach the state’s (and country’s) clean energy goals. With carbon emissions at an all time high, it’s more important than ever to conserve as much energy as possible; you can do your part by investing in renewable energy like solar panels. Any step you take toward reducing waste is worth it!
#3: Avoid Fossil Fuel Reliance
Fossil fuels, such as coal and oil, pollute our air and land. That’s why it makes sense to invest in solar panels: They require no fuel and produce zero emissions. Reduce your carbon footprint by switching to solar power. Not only will you be reducing pollution, but you’ll also see immediate savings on your energy bill.
#4: Increase Home Value
Installing solar panels on your home in MA is a smart investment in your property’s future. Whether you plan to sell and move within five years or hold onto your house for decades, selling when energy prices are high will help you maximize profits when it comes time to unload. Without factoring in potential tax credits and incentives, solar panels can add tens of thousands of dollars to your home’s value! They also have been shown to increase the speed at which properties sell—and homes with solar panels get more bids from buyers. Talk about a win-win situation.
#5: Provide Backup Power During Outages
Aside from providing you with electricity, solar panels are valuable tools for backup power during power outages. And while that’s valuable in its own right, solar panel can also help avoid blackouts by providing energy to utility companies when demand is too high. If your home loses power, your solar system will still be able to keep you powered up until utility workers restore service.
If you live in an area that experiences a lot of power outages, a solar energy system can keep your refrigerator and other appliances running, even when there’s no utility power. With a backup generator or secondary battery system, you can stay connected to your neighborhood even if your community is suffering from extended outages. Nor’easters are bound to happen every year. Being prepared for blackouts with solar panels is like having a fire extinguisher on hand: it’s an investment that can save you from a lot of hassle and inconvenience in case of emergency.
#6: Earn Money Through Solar Renewable Energy Credits (SRECs)
Selling solar renewable energy credits (SRECs) are one of many ways that you can make money through solar panels. Massachusetts state law requires utilities to buy SRECs from homeowners at a predetermined rate. If you own solar panels, you will earn additional income by selling your SRECs back to your utility company. Having solar panels is an excellent way to earn money through renewable energy production.
You can earn money through solar panels by selling your excess energy back to your utility company. If you produce more energy than you consume, you’ll be able to sell any extra back to your utility provider. Homeowners can also save money on their electricity bills by generating their own power. If you install enough solar panels, it could offset all of your electricity usage and lower your monthly bill.
#7: Create Local Jobs
Tens of thousands of solar jobs have been created in MA. In addition to being great for our environment, solar panels have been a boom for local economies across America, creating hundreds of thousands of jobs and helping to reduce electricity bills. Between 2010 and 2016, solar has added more than 100,000 new American jobs and installed nearly 10 gigawatts (GW) of photovoltaic capacity—enough clean energy to power more than 2 million average U.S.
According to Harvard University, U.S. solar jobs grew 12 times faster than the overall economy in 2016. As of the 2020 national job census, the U.S. solar industry employs more than 230,000 workers. These new American jobs have led to millions of dollars being poured into local economies as well.
Is It Worth Going Solar in Massachusetts?
The answer is yes. Investing in solar panels not only helps your business reduce its carbon footprint, but also allows you to keep money in your pocket. One of the most effective ways to save money is by using less energy overall. That’s exactly what solar panels do. For those on the fence, the previous seven sections gave a look as to why solar panels are worth it and how they help you save money.
If you’re still not convinced, consider these three reasons why solar panels are worth it in Massachusetts. Firstly, by reducing your energy consumption, you are avoiding additional utility costs. Secondly, those that opt for solar can save money on their taxes because renewable energy sources are eligible for a federal tax credit of their system cost. Finally, owners receive a host of other benefits when they invest in solar panels including building goodwill with community members who care about environmental sustainability.