14 Best Solar Companies in Killingly, CT (Aug 2022 Review)

The Cost and Benefits of Solar in Killingly

The cost of putting up a solar panel system has gone down greatly in the past few years, but it's still a significant investment for most homeowners. A few key factors that influence how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• The kind of solar panels you have the money for: This is dependent on what your budget is.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Additionally, you can save about $22,000 over 20 years on your utility bills, before factoring in incentives.
• How much power your household needs: If your home needs to use a lot of energy, you'll see more savings from switching to solar.
• Your energy bills: This will dictate your savings. In Killingly, the average resident can save about $1,100 a year on their electricity bills.

So is installing solar panels worth it? Whether you're trying to decrease your energy bills, carbon emissions or both, solar panels are a worthwhile investment for many Killingly homeowners.

Solar Incentives in Killingly

There are a lot of reasons why you should switch to solar. One of them consists of some government incentives you can take advantage of. When you install a solar panel system on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 26% of the cost of your solar panels. Plus, there are often some state and city incentives that you can benefit from to further save. For more information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Killingly

There are a few main reasons why homeowners are considering solar energy: to help their wallet and the environment. You may be trying to figure out — how much do solar panels do for the planet anyway? The average person has a sizable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to think about what to do. Installing solar panels is a simple thing you can do to help. In Killingly, the average homeowner can reduce their carbon footprint by 40 pounds a year after going solar. Since solar power is renewable and makes electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help the planet.