11 Best Solar Companies in Meriden, CT (Mar 2023 Review)

The Cost and Benefits of Solar in Meriden

The cost of putting up a solar panel system has dropped greatly in the past several years, but it's still a large investment for most homeowners. The overall price and potential savings vary depending on some key factors such as:

• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Your home's power bills: Based on the fairly high monthly electricity bills in Meriden, you could save about $1,200 a year with solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $24,000 over the first 20 years with your system, too.
• The amount of sunlight your home gets: Due to Meriden's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

Solar is a profitable investment for most homeowners. You can make your own electricity instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping protect the environment.

Solar Incentives in Meriden

There are lots of reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. Local solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar power, in addition to the federal solar tax credit. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Meriden

If you're considering adding solar panels to your home, one of the main reasons why may be to lower your carbon dioxide emissions. You may be wondering — how much does going solar help the environment anyway? A key thing to consider is your overall carbon footprint. For example, if you have a long commute, your footprint may be larger, so adopting solar energy for your home can help offset that. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 40 pounds each year. As you can see, using solar power has so many other benefits apart from saving money. One of the major ones is that you can help save the planet too.