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

The Cost and Benefits of Solar in Groton

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to install your system. The overall price and potential savings vary depending on some key factors such as:

• Energy consumption: Installing solar panels may be too pricey an investment for families that don't use too much energy per month.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $23,000 on your utility bills over 20 years excluding incentives.
• Choice of solar panels: The type of solar panels you need 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your current energy bills: Solar panels can dramatically decrease, or entirely eradicate, your utility bills. In Groton, you can save an average of $91 a month.

Even though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, like the size of your house and your energy consumption.

Solar Incentives in Groton

Because solar power is better for the environment than fossil fuels, there are various government incentives available to encourage its adoption. These incentives typically take the form of cash rebates, tax credits and/or performance-based incentives. They can reduce the cost you pay for going solar by 30%, upwards of 50% depending on where you live. Our article on solar incentives has more in-depth information on the incentives you can find in Groton.

Environmental Impact of Switching to Solar in Groton

Lots of people want to do their part for the environment, which for many is the primary reason for installing a solar system. But you may be wondering — how much exactly can you help by going solar? Regardless of your location, you can help the planet by switching to solar energy, but homes that consume more energy will have an even bigger impact. Once you go solar, your carbon emissions can be reduced by about 40 pounds each year. For those who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.