16 Best Solar Companies in Hamden, CT (Sep 2022 Review)

The Cost and Benefits of Solar in Hamden

We know that for many homeowners, the choice to invest in solar hinges on installation costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Your power bills: This will dictate how much you can save. In Hamden, the average homeowner can save about $1,200 a year on their electricity bills.
• How much power your home consumes: Households that use a lot of energy each month may require more solar panels and, as a result, more upfront cost, but will also save more on their energy bills over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $25,000 over the first 20 years with your solar system, too.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

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

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 the table below.

Environmental Impact of Switching to Solar in Hamden

There are a few main reasons why homeowners are interested in solar energy: to help their wallet and the environment. But you may be curious — how much exactly can you help the planet by using solar power? An important thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so adopting solar energy for your house can help offset that. In fact, if you install solar panels, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. If you want to do what you can for the environment, you'll no doubt find that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.