14 Best Solar Companies in Wallingford, CT (Mar 2023 Review)

The Cost and Benefits of Solar in Wallingford

When picking a solar company, most homeowners or business owners wonder about the costs above all. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. Plus, you can save about $24,000 over 20 years on your utility bills, without incentives.
• Your power bills: This will determine how much money you might save. In Wallingford, the average resident can save about $1,200 a year on their electricity bills.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• The amount of sunlight your house gets: Thanks to Wallingford's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the angle of your roof and incentives.

Solar Incentives in Wallingford

If you're thinking about switching to solar energy, various government incentives and tax credits can dramatically reduce your project costs and speed up the return on your investment. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can use to further save. In our article on solar incentives, you can find out about the incentives you qualify for in Wallingford.

Environmental Impact of Switching to Solar in Wallingford

An important reason so many people consider installing solar panels is to help reduce their environmental impact. A question many might be thinking about is how much can they really help save the environment by switching to solar power anyway? A key thing to think about is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be bigger, so adopting solar energy for your home can help offset that. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 40 pounds each year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.