17 Best Solar Companies in Waterbury, CT (2023 Reviews)

The Cost and Benefits of Solar in Waterbury

The cost of putting up a solar panel system has gone down immensely in the past few years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your energy bills, which can lead to an average of $23,000 of savings over 20 years.
• How much energy your household consumes: Households that use plenty of energy each month may need more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Your income and budget: This affects what kind of solar panels you can buy.
• Your household's power bills: Due to fairly high monthly energy bills in Waterbury, you could save about $1,100 a year with solar.

As a result of the cost of solar panels being lower than before as well as various solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Waterbury

In order to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city incentives. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Waterbury

There are tons of reasons to switch to solar power, like saving some money on electricity bills and helping to lower your carbon footprint. But how much can switching to solar actually help the environment? The average person has a considerable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions each year, and powering their home, it can be overwhelming to think about what to do. Going solar is a simple thing you can do to help. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used traditional energy. In Waterbury, you can reduce your carbon footprint by 40 pounds a year with solar panels. Since solar energy is plentiful and generates electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help protect the environment.