17 Best Solar Companies in Norwich, CT (Aug 2022 Review)

The Cost and Benefits of Solar in Norwich

The cost of putting up solar panels has dropped significantly in the past few years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Your energy consumption: If your household regularly uses a lot of energy, you'll benefit more from installing solar panels.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can benefit from. Plus, you can save about $25,000 over 20 years on your utility bills, without incentives.
• The amount of sunlight your roof gets: Thanks to Norwich's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a solid investment for most homeowners.

Solar Incentives in Norwich

There are several reasons why you should switch to solar. One of them involves some government incentives that can save you money. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially pair the ITC with other state and city rebates and benefits. For detailed information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Norwich

There are a few big reasons why people are interested in solar energy: to put more money in their bank account and to help the planet. You may be wondering — how much does going solar do for the environment anyway? In a city like Norwich where commute times can be pretty long, using solar power can help offset some of your carbon dioxide emissions from driving a lot. Once you go solar, your carbon footprint can be reduced by about 40 pounds a year. The perks of solar power are abundant — just like solar power is! That's why so many Norwich residents have been happy with committing to solar.