18 Best Solar Companies in Thompson, CT (Feb 2023 Review)

The Cost and Benefits of Solar in Thompson

The cost of putting up a solar panel system has dropped immensely over the past few years, but it's still a substantial investment for most homeowners. Some important things that determine the upfront cost and potential savings over time include:

• How much power your household needs: If your family uses a lot of energy, you'll reap more rewards from installing solar panels.
• Your current energy bills: Solar panels can significantly reduce, or completely eradicate, your utility bills. In Thompson, you can save an average of $90 a month.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $22,000 on your utility bills over 20 years excluding incentives.

So is a solar system worth it? Whether you're trying to decrease your electricity costs, carbon emissions or both, solar panels are a worthwhile investment for many Thompson homeowners.

Solar Incentives in Thompson

There are lots of reasons why you should switch to solar. One of them involves some government incentives you can take advantage of. There are several federal, state and local rebates and tax credits that can earn you a decent amount of money back after installing solar panels. For comprehensive information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Thompson

Making the switch to solar power is a profound way to do your part for a cleaner and more sustainable future. But — how much exactly can you help by making the switch to solar? The more power your family uses, the the more the environment will benefit if you switch to solar as you won't need to use as much nonrenewable energy. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. As you can see, going solar has so many other perks beyond saving money. One of the major ones is that you can help save the planet too.