12 Best Solar Companies in Coventry, CT (Sep 2022 Review)

The Cost and Benefits of Solar in Coventry

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

• How much energy your home consumes: Households that use plenty of power each month may require more solar panels and, therefore, be more costly, but will also benefit more over time.
• The make and model of solar panels you want: Higher-efficiency panels cost more, so that will affect your budget for your solar project.
• Incentives: One thing that can make your solar project cost less 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 result in an average of $22,000 of savings over 20 years.
• Your current power bills: Solar panels can substantially lower, or totally get rid of, your utility bills. In Coventry, you can save an average of $92 a month.

Solar is a rewarding investment for most homeowners. You can generate your own power instead of paying for it from a utility company and make use of solar incentives, all while helping protect the planet.

Solar Incentives in Coventry

In an effort to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can use to further save. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Coventry

One of the best reasons to embrace solar power is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Coventry, though. The average person has a considerable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions every year, and energy for their home, it can be overwhelming to figure out what to do. Installing solar panels is one of the easiest things you can do to help. While solar panel production releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Coventry, you can reduce your carbon footprint by 40 pounds a year with solar panels. If you care about the environment, you'll no doubt understand that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.