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

The Cost and Benefits of Solar in Mystic

Even though solar panels can save you a decent chunk of change on energy over time, it's important to know the upfront costs. The cost and possible savings vary depending on some important factors such as:

• Your home's power bills: Because of fairly high monthly power bills in Mystic, you could save about $1,100 a year with solar.
• Energy consumption: Installing a solar system may be too pricey an option for families that don't consume a lot of energy each month.
• The type of solar panels you're planning on getting: Higher-efficiency panels have higher prices, so that will influence your budget for your solar project.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $23,000 on your electricity bills over 20 years excluding incentives.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, like the angle of your roof and your local electricity rates.

Solar Incentives in Mystic

In order to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economical and accessible. These incentives normally include cash rebates, tax credits and/or performance-based incentives. They can cut how much you end up spending on installing solar panels by 26 to 50% in some cases. Take a look at the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in Mystic

One of the reasons so many homeowners are thinking of installing solar panels is to help lower their environmental impact. You may be trying to figure out — how much does going solar do for the environment anyway? The more power your household uses, the better off the planet will be when you switch to solar since you won't have to rely on traditional energy sources as much. In Mystic, the average person can lower their carbon footprint by 40 pounds a year once they go solar. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.