16 Best Solar Companies in Colchester, CT (Mar 2023 Review)

The Cost and Benefits of Solar in Colchester

When choosing a solar company, most homeowners or business owners worry about the costs the most. A few important factors that affect the cost of installing a solar panel system on your home and how much it could save you over time include:

• The type of solar panel system you can buy: This is dependent on what your budget is.
• average energy usage: The more energy your home uses on average and the higher your current energy bills are, the more money you could save by going solar.
• How much energy costs for you: The average household in Colchester pays around $1,100 a year on electricity alone, so you could be looking at that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $23,000 over 20 years with your solar panels, too.

As a result of solar panels now being cheaper than ever as well as several solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Colchester

To increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more affordable and accessible. In addition to the federal tax credit incentive, there are also some state- and city-level benefits, which in almost all cases, can be claimed in addition to the federal incentive, so you get to save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Colchester

There are a few main reasons why many people are interested in solar energy: for the good of their bank accounts and the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Colchester, though. The average person has a substantial carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and electricity for their home, it can be overwhelming to figure out what to do. Installing solar panels is a simple thing you can do to help. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 40 pounds each year. Since solar energy is abundant and generates electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help protect the environment.