14 Best Solar Companies in Milford, CT (Feb 2023 Review)

The Cost and Benefits of Solar in Milford

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to install your panels. Some key things that affect the upfront cost and potential savings over time include:

• Your current energy bills: Solar panels can greatly lower, or completely get rid of, your utility bills. In Milford, you can save an average of $112 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total 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 $28,000 over 20 years with your system, too.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Your energy consumption: If your home uses a lot of energy, you'll reap more rewards from installing solar panels.

As a result of the cost of solar panels being lower than before as well as several solar incentives, they are a solid investment for many homeowners.

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. On top of the federal tax credit incentive, there are also some local benefits, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. Take a look at our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Milford

One reason so many homeowners are considering installing solar panels is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Milford, though. A significant thing to think about is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so switching to solar power for your home can help offset that. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have produced if you still used traditional energy. In Milford, you can reduce your carbon footprint by 40 pounds a year with solar panels. As you can see, investing in solar has so many other benefits beyond saving money. One of the major ones is that you can help save the environment too.