15 Best Solar Companies in Old Mystic, CT (Jan 2023 Review)

The Cost and Benefits of Solar in Old Mystic

Solar panels run off a free energy source — the sun — but to take advantage of this you 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:

• How much electricity your household consumes: Households that consume lots of energy each month may require more solar panels and, consequently, be more expensive, but will also benefit more over time.
• Your household's power bills: Due to fairly high monthly electricity bills in Old Mystic, you could save about $1,100 a year with solar.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $23,000 over 20 years with your solar system, too.

Solar is a worthwhile investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and take advantage of solar incentives, all while helping preserve the environment.

Solar Incentives in Old Mystic

Although installing solar panels is typically a large investment, it can save you a significant amount of money over several years because of smaller power bills and government incentives. These incentives normally take the form of cash rebates, tax benefits and/or performance-based incentives. They can reduce how much you pay for going solar by 30%, upwards of 50% depending on your location. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Old Mystic

Lots of people want to do what they can to help protect the planet, which in many cases is the main reason they're interested in installing solar panels. But you may be wondering — how much exactly can you help by going solar? If your family consumes lots of energy, you can help the environment even more by switching to solar power. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 40 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.