15 Best Solar Companies in Lisbon, CT (Feb 2023 Review)

The Cost and Benefits of Solar in Lisbon

For a lot of homeowners, the decision to invest in a solar energy system depends the most on the cost. The overall price and potential savings vary depending on some key factors such as:

• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• The cost of electricity in your area: If your local utility rates are quite high, there's a better chance you'll end up with a higher return on your investment in a solar system. In Lisbon, you can save an average of $99 a month on your electricity bills.
• How much power your household needs: If your household needs to use a lot of energy, you'll see more savings from going solar.
• Incentives: Those who install a solar energy system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $25,000 on your utility bills over 20 years not including incentives.

There are many great benefits of solar even with the upfront cost of installation. It can help the Earth and your bank account. In addition, it can increase the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Lisbon

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. There are a lot of federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money in return after installing solar panels. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Lisbon

There are a few important reasons why many people are interested in solar energy: for the good of their bank accounts and the planet. But you may be curious — how much exactly can you help the environment by making the switch to solar? In a city like Lisbon where commute times can be pretty long, installing solar panels can help help reduce the carbon footprint of being on the road a lot. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 40 pounds each year. The advantages of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with using solar energy.