13 Best Solar Companies in Moosup, CT (Aug 2022 Review)

The Cost and Benefits of Solar in Moosup

Although solar panels can save you a decent chunk of change on electricity bills over time, it's necessary to know the upfront costs. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The type of solar panel system you can purchase: This depends on how much you're willing to spend upfront.
• Energy consumption: Solar may be too pricey an investment for homes that don't use too much energy each month.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 26% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. Plus, you can save about $22,000 over 20 years on your utility bills, without incentives.
• How much you spend on energy: The average family in Moosup shells out around $1,100 a year on electricity alone, so you could gain that much in savings.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Moosup

In an effort to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 26% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. In the table below, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Moosup

There are tons of reasons to switch to solar power, like saving some money on utility bills and helping to reduce your carbon footprint. But you may be curious — how much exactly can you help by using solar power? A significant thing to be mindful of is your overall carbon footprint. For example, if your commute is very long, your footprint may be greater, so adopting solar energy for your home can help offset that. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used nonrenewable energy. In Moosup, you can reduce your carbon footprint by 40 pounds a year with solar panels. Since solar power is abundant and generates electricity without CO2 emissions, installing solar panels is one easy step you can take to help preserve the planet.