13 Best Solar Companies in Mystic, CT (Jan 2023 Review)

The Cost and Benefits of Solar in Mystic

For most homeowners, whether or not to invest in a solar energy system boils down to the cost. A few key factors that determine how much it will cost to install solar panels on your home and how much money you could save over time are:

• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• How much energy your home consumes: Households that use lots of electricity each month may need more solar panels and, consequently, be more expensive, but will also enjoy more savings over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $23,000 over 20 years with your solar system, too.
• How much energy costs for you: The average family in Mystic shells out around $1,100 a year on energy use alone, so you could end up with that much in savings.

There are many wonderful benefits of solar even with the upfront cost of installation. It can help the planet and your bank account. Plus, it can increase the value of your home, giving you even more benefits if you choose to sell your home later.

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 30%, upwards of 50% in some cases. Take a look at our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Mystic

Many want to do what they can to help save the environment, which often is the primary reason for installing solar panels. You may be trying to figure out — how much does going solar help the environment anyway? If your household uses a lot of energy, you can help the environment even more by switching to solar energy. After you go solar, your carbon emissions can be cut by about 40 pounds every year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.