15 Best Solar Companies in New London, CT (Aug 2022 Review)

The Cost and Benefits of Solar in New London

When choosing a solar company, most homeowners or business owners worry about the costs the most. A few important factors that dictate how much it will cost to install solar panels on your home and how much it could save you over time include:

• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $23,000 over 20 years with your solar system, too.
• The amount of sunlight your roof gets: Due to New London's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• How much energy you use: If your family uses a lot of energy, you'll reap more rewards from going solar.

Though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, like the amount of daily direct sunlight available and your current power bills.

Solar Incentives in New London

Switching to solar power has many great benefits. Not only can it help preserve the environment, but you can also save some money on your installation with various government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in New London

If you're planning on adding solar panels to your home, one of the principal reasons why may be to reduce your greenhouse gas emissions. But how much can switching to solar actually affect the environment? Switching to solar energy for electricity in place of relying on nonrenewable energy sources is a good way to lower carbon dioxide emissions if you're conscious of New London's fair level of greenhouse gas emissions. Though making solar panels emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have produced if you still used traditional energy. In New London, you can reduce your carbon footprint by 40 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other rewards besides saving money. One of the main ones is that you can help save the Earth too.