11 Best Solar Companies in New Haven, CT (Aug 2022 Review)

The Cost and Benefits of Solar in New Haven

For many people considering switching to solar, the decision of which solar company to choose comes down to prices. Some significant things that impact the upfront cost and potential savings over time include:

• Incentives: Tax-paying citizens who buy and install a solar system this year can save 26% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $27,000 on your energy bills over 20 years not including incentives.
• Typical energy usage: The more electricity your household consumes on average and the higher your current electricity bills are, the more likely you'll benefit from switching to solar.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Your power bills: This will influence how much you can save. In New Haven, the average homeowner can save about $1,300 a year on their electricity bills.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your local electricity rates.

Solar Incentives in New Haven

Adopting solar power has lots of considerable benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 26% of the cost of your solar panels. Additionally, there are often some local incentives that you can benefit from to further save. For detailed information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in New Haven

Replacing nonrenewable energy with solar power is a compelling way to do what you can for a cleaner and more sustainable future. But how much can using solar energy instead of traditional energy actually help the environment? One thing you should keep in mind is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 40 pounds each year. Since solar energy is plentiful and makes electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help protect the planet.