12 Best Solar Companies in Woodstock, CT (Sep 2022 Review)

The Cost and Benefits of Solar in Woodstock

For a lot of homeowners, whether or not you should invest in solar energy depends the most on the cost. The cost and possible savings vary depending on some key factors such as:

• Your energy bills: This will affect how much money you might save. In Woodstock, the average resident can save about $1,100 a year on their electricity bills.
• average energy usage: The more electricity your household consumes on average and the greater your current electricity bills are, the more money you could save by making the switch to solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will 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.
• Choice of solar panels: The kind of solar panels you choose 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.

So is a solar panel system worth it? Whether you'd like to lower your electricity costs, greenhouse gas emissions or both, solar panels are a great investment for many Woodstock homeowners.

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 the table below.

Environmental Impact of Switching to Solar in Woodstock

One reason so many are considering adopting solar energy is to help reduce their environmental impact. You may be trying to figure out — how much do solar panels help the planet anyway? One thing to keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. The good things about solar power are abundant — just like solar power is! That's why so many people have been happy with making the switch to solar.