17 Best Solar Companies in Groton, CT (Aug 2022 Review)

The Cost and Benefits of Solar in Groton

For many readers, the decision of which solar installer to choose depends on pricing. Some key factors that affect how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• Incentives: One thing that can make your solar project cost less 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 generate an average of $23,000 of savings over 20 years.
• How much energy costs for you: If your local power rates are quite high, there's a better chance you'll have a higher return on your investment in solar panels. In Groton, you can save an average of $91 a month on your electricity bills.
• Your income and budget: This affects what type of solar panels you can buy.
• Electricity consumption: The average home in Groton doesn't use much energy, and as a result may not see as many savings on their power bills.

So is a solar system worth it? Whether you'd like to reduce your electricity costs, carbon emissions or both, solar panels are a worthwhile investment for many Groton homeowners.

Solar Incentives in Groton

There are a lot of reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other state and city incentives. Check out the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Groton

If you're planning on adding solar panels to your home, one of the major reasons why may be to reduce your carbon footprint. You may be wondering — how much do solar panels help the planet anyway? Something that can dramatically shape your carbon footprint is how long your commute is and how much you drive in general. If you go solar and drive an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. In Groton, the average person can lower their carbon footprint by 40 pounds a year once they go solar. If you care about the environment, you'll most likely find that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.