11 Best Solar Companies in Broad Brook, CT (Oct 2022 Review)

The Cost and Benefits of Solar in Broad Brook

The cost of putting up solar panels has gone down greatly over the past several years, but it's still a large investment for most homeowners. Some important things that affect the cost and possible savings include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $22,000 over 20 years with your solar system, too.
• The type of solar panels you want to get: More efficient models are more costly, so that will affect your budget for your solar project.
• Your current electricity bills: Solar panels can dramatically decrease, or totally get rid of, your utility bills. In Broad Brook, you can save an average of $90 a month.
• Energy consumption: Installing a solar system may be an expensive option for families that don't need too much energy each month.

As a result of solar panels decreasing in cost as well as local and federal solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Broad Brook

If you're considering making the switch to solar power, a variety of government incentives and state programs can dramatically reduce your project costs and speed up the return on your investment. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can take advantage of to further save. For more information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Broad Brook

Replacing nonrenewable energy with solar power is a profound way to do your part for a more environmentally-friendly future. Something many people might be asking themselves is how much can they really help save the environment by going solar anyway? Everyone can help save the environment by switching to solar energy, but homes that consume a lot of energy will have a greater impact. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 40 pounds each year. If you care about the environment, you'll no doubt understand that there are many good things about adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.