12 Best Solar Companies in Deep River, CT (Oct 2022 Review)

The Cost and Benefits of Solar in Deep River

Although solar panels can save you a good amount of money on electricity bills over time, it's necessary to consider the upfront costs. Some key things that impact the upfront cost and potential savings over time include:

• Your household's power bills: Because of fairly high monthly energy bills in Deep River, you could save about $1,100 a year with solar.
• Electricity consumption: The average household in Deep River doesn't use much energy, and as a result may not see as many savings on their power bills.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Plus, you can save about $23,000 over 20 years on your utility bills, without incentives.
• The type and model of solar panels you're thinking of getting: More high-tech panels have higher prices, so that will affect your budget for your solar project.

There are several great benefits of solar in spite of the initial cost of installation. It can help the planet and your wallet. Plus, it can raise the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Deep River

In an effort to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar more affordable and accessible. When you install solar panels on your home, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some local incentives that you can benefit from to further save. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Deep River

Making the switch to solar power is a compelling way to do what you can for a more eco-friendly future. Something many homeowners might be asking themselves is how much can they really help protect the environment by going solar anyway? In a city like Deep River where commute times can be pretty long, installing solar panels can help help reduce the carbon footprint of driving. When you go solar, your carbon emissions can be lowered by about 40 pounds every year. If you want to do what you can for the environment, you'll most likely understand that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.