18 Best Solar Companies in Bristol, CT (Jul 2022 Review)

The Cost and Benefits of Solar in Bristol

The cost of installing solar panels has gone down greatly in the past few years, but it's still a large investment for most homeowners. A few key factors that affect how much it will cost to install solar panels on your home and how much it could save you over time are:

• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can lead to an average of $22,000 of savings over 20 years.
• Your current energy bills: Solar panels can significantly reduce, or totally eliminate, your utility bills. In Bristol, you can save an average of $90 a month.
• Your energy consumption: If your family uses a lot of energy, you'll see more savings from switching to solar.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Solar is a fruitful investment for most homeowners. You can produce your own electricity instead of paying for it from a utility company and benefit from solar incentives and rebates, all while helping protect the planet.

Solar Incentives in Bristol

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 switching to solar power more economically viable and accessible. You can qualify 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 rebates and benefits. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Bristol

If you're planning on adding solar panels to your home, one of the principal reasons why may be to lower your greenhouse gas emissions. But how much can using solar energy instead of traditional energy actually help the environment? In a place like Bristol where commute times can be pretty long, going solar can help help reduce the carbon footprint of being on the road a lot. In Bristol, the average homeowner can reduce their carbon footprint by 40 pounds a year after going solar. As you can see, investing in solar has so many other perks beyond saving money. One of the primary ones is that you can help save the planet too.