17 Best Solar Companies in Cheshire Village, CT (Aug 2022 Review)

The Cost and Benefits of Solar in Cheshire Village

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your panels. Some important things that impact how much it will cost and how much you could save include:

• Your income and budget: This affects what kind of solar panels you can buy.
• Electricity consumption: The average home in Cheshire Village doesn't use much energy, and consequently may not see as many savings on their power bills.
• Your home's orientation toward the sun: This, along with how your roof is set up, affects affect how much electricity your solar panels can make.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 26% of the project cost. Your state may also have incentives and rebates that you can use. In addition, you can save about $24,000 over 20 years on your utility bills, without incentives.

As a result of the cost of solar panels being lower than before as well as several solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Cheshire Village

Because solar power is better for the environment than traditional energy sources, there are several government incentives available to encourage people to make the switch. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 26% of the cost of your solar panels. In addition, there are often some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. Take a look at the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Cheshire Village

Lots of people want to do their part to help protect the environment, which in many cases is the prime motivation to install solar panels. Something many homeowners might be thinking about is how much can they really help save the environment by switching to solar power anyway? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. If you go solar, your carbon footprint can be reduced by about 40 pounds a year. If you want to do your part for the environment, you'll most likely get 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 priceless.