18 Best Solar Companies in North Haven, CT (Oct 2022 Review)

The Cost and Benefits of Solar in North Haven

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to set up your panels. The cost of solar and the savings it generates vary depending on some important factors such as:

• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• Your energy consumption: If your family needs to use a lot of energy, you'll see more savings from installing solar panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your 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 $25,000 over the first 20 years with your system, too.
• The model of solar panels you want to get: More high-tech panels are more highly priced, so that will affect your budget for your solar project.

As a result of solar panels now being cheaper than ever as well as several solar incentives, they are a solid investment for most homeowners.

Solar Incentives in North Haven

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a lot of money over several years because of lower energy bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For comprehensive information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in North Haven

Swapping traditional energy for solar is a powerful way to do your part for a more environmentally-friendly future. But how much can switching to solar actually help the environment? How much energy you use is an important factor to keep in mind. The more electricity your home uses, the greater your impact when you switch to solar energy. After you go solar, your carbon emissions can be reduced by about 40 pounds each year. If you want to do what you can for the environment, you'll most likely understand that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is priceless.