17 Best Solar Companies in Bridgeport, CT (Dec 2022 Review)

The Cost and Benefits of Solar in Bridgeport

For many homeowners, whether or not you should invest in solar energy depends the most on the cost. Some main factors that affect how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• The type of solar panels you have the money for: This depends on how much you're willing to spend upfront.
• Whether or not your roof gets a lot of direct sunlight: This, and your roof configuration, affects affect how much electricity your solar panels can generate.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $28,000 over 20 years with your system, too.
• How much energy costs for you: If your local utility rates are quite high, there's a better chance you'll end up with a higher return on your investment in a solar system. In Bridgeport, you can save an average of $110 a month on your electricity bills.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Bridgeport

If you're considering switching to solar energy, several government incentives and state programs can dramatically bring down the cost of the project and expedite the return on your investment. State and city solar incentive programs vary by location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. For comprehensive information about incentives for homeowners in Bridgeport, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Bridgeport

There are tons of reasons to trade traditional energy for solar power, like saving on electricity bills and helping to reduce your carbon footprint. But you may be curious — how much exactly can you help the planet by making the switch to solar? One thing you should keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. If you want to do what you can for the environment, you'll most likely understand that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.