5 Things to Love About Solar Energy in 2023
Valentineâs Day is here and love is in the air at Boston Solarâlove for solar energy, that is. Solar panels lower your electric bills, get you away from the grid, and help fight climate change. Whatâs not to love?Â
Massachusetts loves renewable energy, too; over 19% of the stateâs electricity is being produced by solar panels. When you look at all the benefits of solar energy, itâs easy to see why so many local homeowners and businesses are installing solar panels on their roofs.Â
1. Solar Panels Save You MoneyÂ
If you want a long-term solution to high energy bills, solar panels are the answer. Residential solar panels can cover most or all of your homeâs energy needs, leading to significant energy savings, and commercial solar panels can do the same for businesses.Â
Your electric bill after solar panels will be much lower than what youâre paying now, and once you pay off your installation, youâll be generating all of your power for free. Plus, solar panels can power heat pumps and other all-electric appliances, so you can get off gas entirely and save even more on energy bills.Â
2. Sustainable Power Is Good for the PlanetÂ
Solar is the cleanest source of renewable energy available to us. It reduces greenhouse gas emissions by cutting back on the amount of fossil fuel we need to burn to produce electricity. Electricity production is the second-largest source of greenhouse gas emissions in the US, and a large-scale switch to green energy is crucial if we want to meet our emissions targets. Every solar installation gets Massachusetts closer to its goal to reduce greenhouse gas emissions by 85% by 2050.
3. Solar Incentives Pay You to Go SolarÂ
When you install solar panels, youâll be eligible for solar incentives like the Inflation Reduction Act solar tax credit, which reduces your federal tax liability by 30% of your solar panel costs. By reducing your upfront installation costs, the solar tax credit makes it easier to install solar panels and reduces your payback period so you can recoup your investment faster.Â
There are some great Massachusetts solar incentives as well, including:
Net metering: Export your excess solar energy to the grid and receive a monthly credit on your bill.Â
ConnectedSolutions: Receive incentive payments when you install an approved battery storage system and allow the grid to draw power from it during agreed-upon time periods.Â
4. The Solar Industry Creates JobsÂ
The solar industry creates good jobs for Massachusetts workers! In 2021, there were over 10,000 solar industry employees in the state, according to the SEIA, and that number is growing every day. If youâre looking for an exciting new role with plenty of career growth opportunities, consider a job in solar energy! Boston Solar is hiring for a number of positionsâcheck out ouropen positions and apply today!Â
5. Solar Is Getting More Affordable Every DayÂ
Solar panel costs have come down dramatically since they were first introduced. In the past 10 years, solar costs have fallen over 52% in Massachusetts! Reduced prices, combined with the availability of solar incentive programs like the federal solar tax credit make now an excellent time to go solar. The sooner you install your solar power system, the sooner you can enjoy solar benefits like lower electricity bills and control over your own electricity production.Â