16 Best Solar Companies in Farmington, CT (Jul 2022 Review)

The Cost and Benefits of Solar in Farmington

For a lot of homeowners, whether or not you should invest in solar panels boils down to the cost. Some key things that influence how much it will cost and how much you could save include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $22,000 over 20 years with your solar panels, too.
• How much electricity your home consumes: Households that consume a lot of energy each month may require more solar panels and, therefore, be more costly, but will also save more on their energy bills over time.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• How much you spend on energy: The typical family in Farmington spends around $1,100 a year on home energy use alone, so you could gain that much in savings.

Because of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Farmington

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 economical and accessible. State and city solar incentive programs vary by location and, sometimes, utility company. Many states offer rebates for solar panels, in addition to the federal solar tax credit. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Farmington

One of the best reasons to use solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are destructive for the environment. You may be asking yourself — how much do solar panels help the planet anyway? In Farmington, where the energy generation could be cleaner, going solar can have a significant impact on the environment since solar power is an abundant source of clean energy. In Farmington, the average homeowner can reduce their carbon footprint by 40 pounds a year once they go solar. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.