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

The Cost and Benefits of Solar in Deep River

We know that for most homeowners, the choice to invest in solar depends on installation costs. Some main factors that influence the cost of installing a solar panel system on your home and how much money you could save over time include:

• Electricity consumption: The average household in Deep River doesn't use much energy, and therefore may not see as many savings on their power bills.
• The model of solar panels you have the money for: This hinges on how much you're willing to spend upfront.
• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 26% of their total solar spend by using the federal solar investment tax credit. You can also save about $23,000 on your electricity bills over 20 years not including incentives.
• Your household's power bills: Based on the fairly high monthly electric bills in Deep River, you could save about $1,100 a year with solar.

There are many wonderful benefits of solar even with the upfront cost of installation. It can help the environment and your bank account. Additionally, 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

Switching to solar power has many great benefits. Not only can it help protect the planet, but you can also save a decent amount of money on your installation with various government incentives. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 26% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Deep River

Replacing nonrenewable energy with solar power is a good way to do what you can for a more eco-friendly future. But — how much exactly can you help by using solar power? One thing to keep in mind 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. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Deep River, you can reduce your carbon footprint by 40 pounds a year with solar panels. Since solar energy is abundant and makes electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the planet.