18 Best Solar Companies in Colchester, VT (2023 Reviews)

The Cost and Benefits of Solar in Colchester

When picking a solar company, most homeowners or business owners wonder about the costs above all. 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 including:

• Average daily sunlight: Since Colchester doesn't get a lot of average daily sunlight, your solar system may not be able to produce enough energy to power your whole home, which affects how much you can save on your energy bills.
• Incentives: Something 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 on your power bills, which can result in an average of $22,000 of savings over 20 years.
• average energy usage: The more power your home consumes on average and the larger your current power bills are, the more likely you'll benefit from switching to solar.
• 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 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.

So is a solar system worth it? Whether you're trying to lower your energy bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Colchester homeowners.

Solar Incentives in Colchester

One of the benefits of installing a solar panel system is receiving federal and potentially state incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For more information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Colchester

Lots of people want to do their part to help the planet, which in many cases is the prime reason for installing a solar system. Something many homeowners might be asking themselves is how much can they really help protect the environment by going solar anyway? In a city like Colchester where energy use is rather high, switching to solar energy is a good plan for homeowners who are eco-conscious. After you go solar, your carbon emissions can be lowered by about 40 pounds each year. As you can see, trading traditional energy for solar has so many other rewards apart from saving money. One of the most important ones is that you can help save the planet too.