13 Best Solar Companies in Mystic, CT (Jul 2022 Review)

The Cost and Benefits of Solar in Mystic

The cost of putting up a solar panel system has decreased significantly over the past few years, but it's still a substantial investment for most homeowners. There are several factors you should take into consideration when trying to figure out the overall cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 26% of the project cost. Your state and city may also have incentives and rebates that you can use. In addition, you can save about $23,000 over 20 years on your utility bills, without incentives.
• How much energy costs for you: The typical family in Mystic pays around $1,100 a year on energy alone, so you could be looking at that much in savings.
• Choice of solar panels: The type of solar panels you buy 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 opt for a higher number of more affordable panels.
• How much electricity your home consumes: Homes that need plenty of power each month may require more solar panels and, as a result, be more expensive, but will also enjoy more savings over time.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, like the kind of solar panels you get and your energy consumption.

Solar Incentives in Mystic

There are a lot of reasons why going solar is a great investment. One of them includes some government incentives that can help save you some money. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 26% of the cost of your solar panels. In addition, there are often some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. For comprehensive information about incentives for homeowners in Mystic, check out the table below.

Environmental Impact of Switching to Solar in Mystic

If you're thinking of adding solar panels to your home, one of the principal reasons why may be to lower your carbon dioxide emissions. A question many might have in mind is how much can they really help protect the environment by going solar anyway? Something that can severely affect your carbon footprint is your commute time and how much you drive in general. If you install solar panels and drive an electric car, you can vastly reduce your carbon dioxide emissions by charging your car at home. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. Since energy from the sun is plentiful and makes electricity without CO2 emissions, installing solar panels is one easy step you can take to help protect the planet.