18 Best Solar Companies in Enfield, CT (Aug 2022 Review)

The Cost and Benefits of Solar in Enfield

The cost of installing solar panels has dropped significantly over the past few years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• The cost of electricity in your area: If your local utility rates are quite high, there's a better chance you'll have a higher return on your investment in a solar system. In Enfield, you can save an average of $90 a month on your electricity bills.
• Your energy consumption: If your family regularly uses a lot of energy, you'll see more savings from switching to solar.
• The make and model of solar panels you're planning on getting: More efficient models are more expensive, so that will determine your budget for your solar project.
• Incentives: Those who buy and install a solar system this year can save 26% of their overall solar costs by using the federal solar investment tax credit. You can also save about $22,000 on your utility bills over 20 years excluding incentives.

So is buying solar panels worth it? Whether you're trying to reduce your energy bills, carbon emissions or both, solar panels are a solid investment for many Enfield homeowners.

Solar Incentives in Enfield

Because solar power is a cleaner source of energy than traditional energy sources, there are quite a few government incentives available to encourage its adoption. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. Plus, there may often be some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. Take a look at the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Enfield

Swapping traditional energy for solar is a good way to do what you can for a more sustainable future. But — how much exactly can you help by using solar power? If your household consumes a lot of energy, you can impact the environment even more by switching to solar power. Once you go solar, your carbon dioxide emissions can be cut by about 40 pounds a year. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.