17 Best Solar Companies in Lebanon, CT (Sep 2022 Review)

The Cost and Benefits of Solar in Lebanon

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will need to pay to install your panels. Some key factors that affect how much it will cost to install solar panels on your home and how much it could save you over time are:

• Your income and budget: This affects what model of solar panels you can purchase.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or 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 $23,000 over 20 years with your system, too.
• Your energy bills: This will impact how much money you might save. In Lebanon, the average homeowner can save about $1,100 a year on their electricity bills.
• The amount of sunlight your house gets: Because of Lebanon's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.

There are several good benefits of solar even with the initial cost of installation. It can help the Earth and your bank account. Plus, it can raise the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Lebanon

If you're thinking about switching to solar energy, a variety of government incentives and solar rebates can greatly reduce your project costs and expedite the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city incentives. In the table below, you can see the incentives you qualify for in Lebanon.

Environmental Impact of Switching to Solar in Lebanon

There are tons of reasons to switch to solar energy, like saving money on electricity bills and helping to reduce your carbon footprint. But you may be curious — how much exactly can you help by going solar? A key thing to be mindful of is your overall carbon footprint. For example, if your commute is very long, your footprint may be bigger, so adopting solar power for your house can help offset that. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 40 pounds each year. Since solar energy is plentiful and produces electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help the environment.