16 Best Solar Companies in Hamden, CT (Jan 2023 Review)

The Cost and Benefits of Solar in Hamden

The cost of putting up a solar panel system has gone down greatly over the past several years, but it's still a large investment for most homeowners. Some significant things that influence the cost and possible savings include:

• Energy consumption: Solar may be an expensive option for households that don't consume too much energy a month.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $25,000 on your electricity bills over 20 years without incentives.
• Your income and budget: This affects what type of solar panels you can get.
• Your current electricity bills: Solar panels can noticeably reduce, or completely eradicate, your utility bills. In Hamden, you can save an average of $101 a month.

There are many good benefits of solar in spite of the initial cost of installation. It can help the environment and your wallet. Additionally, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Hamden

Switching to solar power has a lot of wonderful benefits. Not only can it help preserve the Earth, but you can also save some money on your installation with various government incentives. When you install a solar panel system on your home, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there are often some state and city incentives that you can use to further cut back on the cost of solar of solar panels. For detailed information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Hamden

There are a few main reasons why people are considering solar energy: to help their wallet and the environment. Something many homeowners might be asking themselves is how much can they really help the environment by going solar anyway? In a place like Hamden where commute times can be pretty long, using solar power can help help reduce the carbon footprint of driving. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. Since solar power is renewable and produces electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help the planet.