12 Best Solar Companies in Woodstock, CT (Jan 2023 Review)

The Cost and Benefits of Solar in Woodstock

For many readers, the decision of which solar company to go with depends on total costs. A few key factors that affect how much it will cost to install solar panels on your home and how much money you could save over time are:

• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall 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 system, too.
• Energy consumption: Solar may be an expensive option for households that don't need too much energy a month.
• Your current power bills: Solar panels can significantly decrease, or totally eradicate, your utility bills. In Woodstock, you can save an average of $90 a month.

Solar is a worthwhile investment for most homeowners. You can make your own energy instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping preserve the planet.

Solar Incentives in Woodstock

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a significant amount of money in the long term because of lower power bills and government incentives. There are a lot of federal, state and local rebates and tax credits that earn some money back after paying for a qualifying system. For comprehensive information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Woodstock

There are lots of reasons to switch to solar energy, like saving money on electricity bills and helping to reduce your carbon footprint. You may be asking yourself — how much does making the switch help the environment anyway? One thing to keep in mind is your overall carbon footprint. For example, if you spend lots of time commuting to work 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 install solar panels, you could lower your carbon dioxide emissions by about 40 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.