16 Best Solar Companies in Granby, CT (Oct 2022 Review)

The Cost and Benefits of Solar in Granby

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your panels. There are quite a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, such as:

• Energy consumption: Installing a solar system may be a high-cost investment for families that don't use a lot of energy each month.
• The type of solar panels you can purchase: This is dependent on how much you're willing to spend upfront.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can lead to an average of $22,000 of savings over 20 years.
• Your power bills: This will impact your savings. In Granby, the average resident can save about $1,100 a year on their electricity bills.

Even though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, including the size of your solar panel system and your local electricity rates.

Solar Incentives in Granby

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you much money over time due to smaller energy bills and government incentives. There are quite a few federal, state and local rebates and tax credits that may earn you a decent amount of money back after installing a solar panel system. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Granby

Switching to solar energy can have a beneficial effect on the environment. But you may be wondering — how much exactly can you help the environment by using solar power? An important thing to be mindful of is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be bigger, so adopting solar energy for your house can help offset that. When you go solar, your carbon emissions can be reduced by about 40 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.