14 Best Solar Companies in Simsbury, CT (Feb 2023 Review)

The Cost and Benefits of Solar in Simsbury

The cost of putting up a solar panel system has dropped immensely over the past several years, but it's still a substantial investment for most homeowners. A few main factors that determine the cost of installing a solar panel system on your home and how much money you could save over time include:

• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings 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.
• How much power your household consumes: Homes that need lots of electricity each month may need more solar panels and, therefore, more upfront cost, but will also save more on their energy bills over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $22,000 over the first 20 years with your solar system, too.
• Your energy bills: This will influence how much you can save. In Simsbury, the average resident can save about $1,100 a year on their electricity bills.

So is a solar panel system worth it? Whether you're trying to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a great investment for many Simsbury homeowners.

Solar Incentives in Simsbury

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more financially viable and accessible. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city incentives. For comprehensive information about incentives for homeowners in Simsbury, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Simsbury

Installing solar panels can have a meaningful impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Simsbury, though. The average person has a sizable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to think about what to do. Going solar is a practical thing you can do to help. In Simsbury, the average person can lower their carbon footprint by 40 pounds a year once they go solar. As you can see, investing in solar has so many other perks apart from saving money. One of the most important ones is that you can help save the Earth too.