17 Best Solar Companies in Waterbury, CT (Jul 2022 Review)

The Cost and Benefits of Solar in Waterbury

For the majority of homeowners, whether or not to invest in a solar energy system boils down to the cost. Some significant things that influence the cost and possible savings include:

• The kind of solar panels you can purchase: This depends on how much you're willing to invest upfront.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 26% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $23,000 over 20 years on your energy bills.
• The amount of sunlight your area gets: Thanks to Waterbury's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• average energy usage: The more electricity your household consumes on average and the higher your current electricity bills are, the more likely you'll benefit from switching to solar.

Thanks to solar panels decreasing in cost as well as local and federal solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Waterbury

Although installing solar panels is typically a large investment, it can save you much money over many years because of smaller utility bills and government incentives. On top of the federal tax credit incentive, there are also some local programs, which in most cases, stack with the federal incentive, so you can save even more. In the table below, you can find out about the incentives you qualify for in Waterbury.

Environmental Impact of Switching to Solar in Waterbury

There are tons of reasons to trade traditional energy for solar power, like saving money on electricity bills and helping to lower your carbon footprint. But how much can using solar energy instead of traditional energy actually affect the environment? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 40 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.