12 Best Solar Companies in Salem, CT (Jul 2022 Review)

The Cost and Benefits of Solar in Salem

For many people, the decision of which solar installer to hire comes down to how much it'll cost. The cost of solar and the savings it generates vary depending on some key factors such as:

• average energy usage: The more power your home uses on average and the higher your current power bills are, the more likely you'll benefit from making the switch to solar.
• Your power bills: This will influence your savings. In Salem, the average homeowner can save about $1,100 a year on their electricity bills.
• The kind of solar panels you want to get: More efficient panels have higher prices, so that will affect your budget for your solar project.
• Incentives: Those who buy and install a solar energy system this year can save 26% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $23,000 on your utility bills over 20 years without incentives.

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 a number of factors, including the size of your solar panel system and your local electricity rates.

Solar Incentives in Salem

In order to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. In addition to the federal tax credit incentive, there are also some state- and city-level incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you get to save even more. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Salem

There are tons of reasons to switch to solar power, like saving some money on utility bills and helping to reduce your carbon footprint. You may be asking yourself — how much does making the switch help the environment anyway? In Salem, where the energy generation could be cleaner, going solar can have a huge effect on the Earth since solar power is a renewable source of energy. Though making solar panels emits carbon dioxide, the panels make up for it by considerably lowering the amount of CO2 you would have been responsible for if you still used traditional energy. In Salem, you can reduce your carbon footprint by 40 pounds a year with solar panels. The advantages of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with committing to solar.