14 Best Solar Companies in Milford, CT (Oct 2022 Review)

The Cost and Benefits of Solar in Milford

For lots of homeowners, the decision to invest in solar panels comes down to the cost. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Your current electricity bills: Solar panels can substantially reduce, or totally eliminate, your utility bills. In Milford, you can save an average of $112 a month.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $28,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much power your household needs: If your family needs to use a lot of energy, you'll see more savings from installing solar panels.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, like the angle of your roof and your energy consumption.

Solar Incentives in Milford

There are a lot of reasons why you should switch to solar. One of them involves some government incentives that can save you money. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Milford

One of the best reasons to use solar energy is to minimize your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Milford, though. One thing that can dramatically influence your carbon footprint is your commute time and how much you drive altogether. If you switch to solar power and drive an electric car, you can greatly reduce your carbon dioxide emissions by charging your car at home. If you go solar, your carbon footprint can be cut by about 40 pounds every year. If you want to do your part for the environment, you'll likely recognize that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.