18 Best Solar Companies in New London, PA (2023 Reviews)

The Cost and Benefits of Solar in New London

For many people considering switching to solar, the decision of which solar installer to hire depends on how much it'll cost. There are several factors you should consider when trying to determine how much it will cost and how much you can save, including:

• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. Plus, you can save about $15,000 over 20 years on your utility bills, without incentives.
• How much electricity your household consumes: Homes that need a lot of energy each month may need more solar panels and, therefore, be more costly, but will also enjoy more savings over time.
• Your household's power bills: Because of fairly high monthly electric bills in New London, you could save about $1,000 a year with solar.

So is a solar panel system worth it? Whether you'd like to decrease your energy bills, greenhouse gas emissions or both, solar panels are a good investment for many New London homeowners.

Solar Incentives in New London

Since solar power is a cleaner source of energy than fossil fuels, there are various government incentives available to encourage people to make the switch. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly pair the ITC with other local incentives. For more information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in New London

There are a few main reasons why many people are interested in solar energy: to help their wallet and the environment. But how much can installing solar panels actually help the environment? The more power your family uses, the better off the planet will be from you switching to solar since you won't have to use as much nonrenewable energy. Although solar panel production releases carbon dioxide emissions, the panels make up for it by significantly reducing the amount of CO2 you would have produced if you still used traditional energy. In New London, you can reduce your carbon footprint by 60 pounds a year with solar panels. For those who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.