15 Best Solar Companies in Pomfret, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Pomfret

While solar panels can save you money on electricity bills over time, it's necessary to take into consideration the startup costs. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your utility bills, which can result in an average of $13,000 of savings over 20 years.
• Your energy bills: This will dictate your savings. In Pomfret, the average resident can save about $650 a year on their electricity bills.
• average energy usage: The more power your home consumes on average and the greater your current power bills are, the more money you could save by switching to solar.

Due to the cost of solar panels being lower than before as well as various solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Pomfret

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economical and accessible. State and city solar incentive programs vary by location and, sometimes, utility company. Many states offer rebates for solar panels, in addition to the federal solar tax credit. The table below gives you an idea of the incentives you can find in Pomfret.

Environmental Impact of Switching to Solar in Pomfret

There are tons of reasons to make the switch to solar power, like saving some money on utility bills and helping to lower your carbon footprint. But — how much exactly can you help by making the switch to solar? The more energy your family uses, the the more the environment will benefit from you switching to solar as you won't need to rely on traditional energy sources as much. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 20 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.