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

The Cost and Benefits of Solar in North Stonington

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to install your system. There are quite a few factors you should take into consideration when trying to determine the overall cost and how much you can save, such as:

• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $23,000 on your utility bills over 20 years excluding incentives.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Your energy bills: This will affect how much you can save. In North Stonington, the average homeowner can save about $1,100 a year on their electricity bills.
• How much electricity your household consumes: Homes that consume lots of electricity each month may require more solar panels and, consequently, be more expensive, but will also enjoy more savings over time.

Even 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, including the amount of daily direct sunlight available and your current power bills.

Solar Incentives in North Stonington

Although solar power is typically a big investment, it can save you a substantial amount of money over time due to smaller utility bills and government incentives. There are a lot of federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money back after installing solar panels. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in North Stonington

Installing solar panels can have a meaningful impact on the environment. But you may be curious — how much exactly can you help the planet by going solar? Something that can drastically shape your carbon footprint is your commute time and how much you drive generally. If you install solar panels and drive an electric car, you can greatly lower your carbon dioxide emissions by charging your car at home. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. If you want to do your part for the environment, you'll most likely understand that there are many benefits of adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.