15 Best Solar Companies in Greenwich, CT (Jul 2022 Review)

The Cost and Benefits of Solar in Greenwich

We understand that for lots of homeowners, the choice to invest in solar rests on installation costs. There are quite a few factors you should take into consideration when trying to determine the overall cost and how much you can save, such as:

• The kind of solar panels you want to get: More efficient panels are more expensive, so that will influence your budget for your solar project.
• Incentives: Something 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 a decent amount of money on your utility bills, which can give you an average of $24,000 of savings over 20 years.
• How much you spend on energy: The typical family in Greenwich spends around $1,100 a year on home energy use alone, so you could gain that much in savings.
• Your location: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, including the angle of your roof and incentives.

Solar Incentives in Greenwich

Adopting solar power has a lot of great benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. These incentives typically take the form of cash rebates, tax benefits and/or solar renewable energy credits. They can reduce the cost of installing solar panels by 26 to 50% in some cases. Take a look at the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Greenwich

Swapping traditional energy for solar is a good way to do your part for a more eco-friendly future. But how much can installing solar panels actually affect the environment? For those who want to help cut back on greenhouse gas emissions, going solar is a no-brainer, especially since Greenwich produces a fair amount of carbon dioxide emissions from its energy generation. In Greenwich, the average household can lower their carbon footprint by 40 pounds a year once they go solar. As you can see, investing in solar has so many other benefits outside of saving money. One of the most important ones is that you can help save the environment too.