16 Best Solar Companies in Essex, CT (Feb 2023 Review)

The Cost and Benefits of Solar in Essex

The cost of installing a solar panel system has gone down immensely in the past several years, but it's still a significant investment for most homeowners. The overall price and potential savings vary depending on some important factors such as:

• System size and type: Some models are more pricy than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Your home's power bills: Because of fairly high monthly energy bills in Essex, you could save about $1,100 a year with solar.
• The amount of sunlight your house gets: Due to Essex's high amount of average daily sunlight, you should be able to save a decent amount on your electric 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 various incentives that you can use. In addition, you can save about $23,000 over 20 years on your utility bills, before factoring in incentives.

Solar is a profitable investment for most homeowners. You can generate your own energy instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping the environment.

Solar Incentives in Essex

If you're planning on switching to solar energy, a variety of government incentives and tax credits can dramatically lower the installation costs and speed up the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For more information about incentives for homeowners in Essex, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Essex

One of the most compelling reasons to embrace solar energy is to minimize your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Essex, though. Regardless of your location, you can help the environment by switching to solar energy, but homes that use lots of energy will have a bigger impact. Once you go solar, your carbon footprint can be lowered by about 40 pounds each year. As you can see, using solar power has so many other rewards beyond saving money. One of the primary ones is that you can help save the environment too.