11 Best Solar Companies in Putnam, CT (Mar 2023 Review)

The Cost and Benefits of Solar in Putnam

For a lot of homeowners, the decision to invest in a solar energy system comes down to the cost. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can result in an average of $22,000 of savings over 20 years.
• How much you spend on energy: If your local electricity rates are quite high, there's a good chance you'll end up with a higher return on your investment in solar panels. In Putnam, you can save an average of $90 a month on your electricity bills.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• average energy usage: The more electricity your household uses on average and the steeper your current electricity bills are, the more money you could save by switching to solar.

Solar is a profitable investment for most homeowners. You can produce your own electricity instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping preserve the Earth.

Solar Incentives in Putnam

Although a solar power system is typically a big investment, it can save you a substantial amount of money in the long term due to reduced power bills and government incentives. These incentives usually consist of cash rebates, tax breaks and/or solar renewable energy credits. They can cut the cost of going solar by 30%, upwards of 50% in some cases. For detailed information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Putnam

An important reason so many people are thinking of going solar is to help lower their environmental impact. But you may be wondering — how much exactly can you help the environment by going solar? One thing to consider is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good trade for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 40 pounds each year. If you care about the environment, you'll no doubt get 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.