15 Best Solar Companies in North Stonington, CT (Jan 2023 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? Your energy usage is an important factor to think about. The more energy your home uses, the greater your impact when you switch to solar energy. If you go solar, your carbon emissions can be cut by about 40 pounds every year. As you can see, trading traditional energy for solar has so many other perks outside of saving money. One of the major ones is that you can help save the environment too.