15 Best Solar Companies in North Stonington, CT (Aug 2022 Review)

The Cost and Benefits of Solar in North Stonington

For most homeowners, whether or not you should invest in solar energy comes down to the cost. Some important things that influence the cost and possible savings include:

• Your energy bills: This will impact your savings. In North Stonington, the average resident can save about $1,100 a year on their electricity bills.
• The type of solar panel system you have the money for: This is dependent on how much you're willing to invest upfront.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 26% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $23,000 over 20 years on your energy bills.
• Electricity consumption: The average household in North Stonington doesn't use much energy, and so may not see as many savings on their power bills.

Solar is a fruitful investment for most homeowners. You can generate your own energy instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping preserve the planet.

Solar Incentives in North Stonington

Although installing solar panels is typically a big investment, it can save you much money over the lifespan of your solar panels because of lower energy bills and government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city rebates and benefits. Check out the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in North Stonington

There are lots of reasons to trade traditional energy for solar power, like saving some money on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in North Stonington, though. An important thing to think about is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so adopting solar power for your home can help offset that. Once you go solar, your carbon dioxide emissions can be cut by about 40 pounds a year. If you care about the environment, you'll likely understand that there are many advantages to adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.