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

The Cost and Benefits of Solar in Mansfield

For lots of homeowners, the decision to invest in solar panels comes down to the cost. There are several factors you should take into consideration when trying to figure out the overall cost and how much you can save, such as:

• Incentives: Tax-paying citizens who buy and install a solar energy system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $22,000 on your electricity bills over 20 years excluding incentives.
• How much energy costs for you: If your local energy rates are quite high, there's a better chance you'll have a higher return on your investment in a solar panel system. In Mansfield, you can save an average of $90 a month on your electricity bills.
• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Your income and budget: This shapes what model of solar panels you can buy.

Thanks to the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Mansfield

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. In the table below, you can see the incentives you qualify for in Mansfield.

Environmental Impact of Switching to Solar in Mansfield

One reason so many people consider installing solar panels is to help lower their environmental impact. But how much can installing solar panels actually help the environment? In a city like Mansfield where energy use is somewhat high, going solar is a great idea for people who care about the planet. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.