12 Best Solar Companies in Danbury, CT (Mar 2023 Review)

The Cost and Benefits of Solar in Danbury

We understand that for most homeowners, the choice to invest in solar hinges on installation costs. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Your energy bills: This will influence how much money you might save. In Danbury, the average resident can save about $1,100 a year on their electricity bills.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. In addition, you can save about $24,000 over 20 years on your utility bills, before factoring in incentives.
• How much electricity your home consumes: Homes that consume lots of power each month may call for more solar panels and, as a result, be more expensive, but will also benefit more over time.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, like the angle of your roof and incentives.

Solar Incentives in Danbury

Although solar power is typically a big investment, it can save you a considerable amount of money over many years because of smaller utility bills and government incentives. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can find out about the incentives you qualify for in Danbury.

Environmental Impact of Switching to Solar in Danbury

Switching to solar energy can have a positive effect on the environment. A question many might be asking themselves is how much can they really help protect the environment by going solar anyway? Something that can severely affect your carbon footprint is how long your commute is and how much you drive in general. If you go solar and drive an electric car, you can significantly reduce your carbon dioxide emissions by charging your car at home. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. If you want to do what you can for the environment, you'll likely understand that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.