13 Best Solar Companies in Killingworth, CT (Oct 2022 Review)

The Cost and Benefits of Solar in Killingworth

For lots of homeowners, whether or not to invest in solar panels depends the most on the cost. The cost of solar and the savings it generates vary depending on a few key factors such as:

• The kind of solar panels you're planning on getting: Some are more expensive, so that will shape your budget for your solar project.
• How much energy costs for you: The average family in Killingworth spends around $1,100 a year on power alone, so you could be looking at that much in savings.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. In addition, you can save about $23,000 over 20 years on your utility bills, not including incentives.
• How much power your home consumes: Households that consume plenty of electricity each month may need more solar panels and, consequently, more upfront cost, but will also save more on their energy bills over time.

So are solar panels worth it? Whether you'd like to reduce your energy bills, carbon dioxide emissions or both, solar panels are a solid investment for many Killingworth homeowners.

Solar Incentives in Killingworth

Since solar power is better for the environment than traditional energy sources, there are several government incentives in place to encourage its adoption. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. The table below shows you the incentives you can take advantage of in Killingworth.

Environmental Impact of Switching to Solar in Killingworth

There are lots of reasons to trade traditional energy for solar energy, like saving some money on electricity bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Killingworth, though. One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. When you go solar, your carbon emissions can be cut by about 40 pounds a year. The great things about solar power are abundant — just like solar power is! That's why so many Killingworth residents have been happy with committing to solar.