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

The Cost and Benefits of Solar in Milford

The cost of installing a solar panel system has gone down greatly in the past few years, but it's still a large investment for most homeowners. There are a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, including:

• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive 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 go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 26% of the cost of installing your solar panel system from your taxes. Plus, not including incentives, you can save about $28,000 over 20 years on your energy bills.
• Your current power bills: Solar panels can substantially decrease, or entirely eradicate, your utility bills. In Milford, you can save an average of $112 a month.
• Energy consumption: Installing a solar system may be a high-cost investment for households that don't use a lot of energy each month.

There are many great benefits of solar in spite of the upfront cost of installation. It can help the Earth and your finances. Plus, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Milford

Because solar power is more sustainable than traditional energy sources, there are some government incentives in place to encourage its adoption. Local solar incentive programs vary by location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Milford

There are tons of reasons to switch to solar energy, like saving money on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Milford, though. One thing that can severely influence your carbon footprint is your commute time and how much you drive altogether. If you go solar and drive an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. In Milford, the average person can reduce their carbon footprint by 40 pounds a year after going solar. The good things about solar power are abundant — just like solar power is! That's why so many people have been happy with committing to solar.