15 Best Solar Companies in Derby, CT (Feb 2023 Review)

The Cost and Benefits of Solar in Derby

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your system. The overall price and potential savings vary depending on a few important factors such as:

• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $25,000 over 20 years on your energy bills.
• The kind of solar panel system you can afford: This hinges on how much you're willing to spend upfront.
• Average daily sunlight: Since Derby gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Typical energy usage: The more electricity your household uses on average and the greater your current electricity bills are, the more money you could save by going solar.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, like the size of your solar panel system and incentives.

Solar Incentives in Derby

Adopting solar power has a lot of considerable benefits. Not only can it help protect the planet, but you can also save a good amount of money on your installation with various government incentives. These incentives typically consist of cash rebates, tax breaks and/or solar renewable energy credits. They can reduce how much you end up spending on installing solar panels by 30%, upwards of 50% in some cases. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Derby.

Environmental Impact of Switching to Solar in Derby

There are lots of reasons to trade traditional energy for solar power, like saving on electricity bills and helping to reduce your carbon footprint. But you may be curious — how much exactly can you help the planet by using solar power? A significant thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so switching to solar power for your house can help offset that. When you go solar, your carbon footprint can be cut by about 40 pounds each year. As you can see, trading traditional energy for solar has so many other rewards beyond saving money. One of the primary ones is that you can help save the environment too.