15 Best Solar Companies in Lisbon, CT (Sep 2022 Review)

The Cost and Benefits of Solar in Lisbon

The cost of installing solar panels has dropped immensely in the past several years, but it's still a substantial investment for most homeowners. The cost of solar and the savings it generates vary depending on some key factors such as:

• Incentives: Those who install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $25,000 on your energy bills over 20 years excluding incentives.
• How much power your home consumes: Homes that consume plenty of power each month may call for more solar panels and, consequently, be more costly, but will also benefit more over time.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to generate as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets lots of sunlight.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.

As a result of the cost of solar panels being lower than before as well as local and federal solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Lisbon

One of the good things about installing a solar panel system is earning federal and potentially state incentives. There are a lot of federal, state and local rebates and tax credits that may earn you anywhere from 26% to 50% of your money in return after installing solar panels. The table below lets you know about the incentives you can find in Lisbon.

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 Lisbon, where the energy generation could be cleaner, going solar can have a big impact on the planet since solar power is a renewable source of energy. 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.