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

The Cost and Benefits of Solar in Newington

Even though solar panels can save you a decent chunk of change on energy bills over time, it's important to consider the startup costs. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• How much electricity your household consumes: Households that need a lot of power each month may require more solar panels and, as a result, more upfront cost, but will also save more on their energy bills over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently 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. Aside from incentives, you can save an average of $22,000 over the first 20 years with your solar panels, too.
• How much you spend on energy: The average household in Newington shells out around $1,100 a year on energy use alone, so you could end up with that much in savings.

So is a solar panel system worth it? Whether you want to lower your electricity costs, greenhouse gas emissions or both, solar panels are a great investment for many Newington homeowners.

Solar Incentives in Newington

Adopting solar power has a lot of considerable benefits. Not only can it help preserve the planet, but you can also save some money on your installation with various government incentives. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 26% of the cost of your solar panels. Plus, there may often be some state and city incentives that you can use to further save. The table below lets you know about the incentives you can take advantage of in Newington.

Environmental Impact of Switching to Solar in Newington

One of the best reasons to tap into solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Newington, though. In a city like Newington where energy use is somewhat high, installing solar panels is a fantastic idea for those who are eco-conscious. If you go solar, your carbon footprint can be reduced by about 40 pounds each year. For those who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.