Connecticut
Connecticut has worked dedicatedly to provide the benefits of renewable and clean solar energy to its residents. Solar energy is one of the most rapidly growing industries in the country. Connecticut is considered a model in producing a flourishing and booming solar industry. The state offered rebate programs and net metering to support and promote solar energy production. We offers Free Solar Quotes in Connecticut.
Why go solar in Connecticut?
The residents of Connecticut pay some of the most expensive electricity prices in the country. The electricity rates are approximately 45% higher compared to the other states. On average, the people living in Connecticut pay $127, ranked 7th in the U.S. Moreover, there is a continuous increase in the electricity demands, and the grid fails to keep up with it.
According to the Solar Energy Industries Association (SEIA), the price of home solar dropped 34% in the Nutmeg State. Therefore, going solar is more Connecticut is more affordable than ever before. With solar energy, you can bag multiple benefits such as reducing your carbon footprint, controlling your electric bills and developing a modern energy system.
How much do solar panels cost in Connecticut?
The average cost of solar panel installation in Connecticut ranges from $11,390 to $15,410. Based on the cost per watt ($/W), Connecticut solar panels’ price ranges from $2.28 to $3.08. The user can enjoy a quick return on investment. For the Connecticut solar users, the average solar payback period is 8.29 years.
The state offers a collection of incentives, rebates and financing options to support and promote solar energy production and consumption. The user can buy the solar panel system in cash, delivering high long-term value for your money. On the other hand, there are different solar loans and solar lease/ PPAs available to support the solar energy system buyers. We offers Free Solar Quotes in Connecticut.
What solar panels should I install in Connecticut?
The user can customize their solar panels according to their needs and demands. They can choose the batteries and aesthetic of the installation. The customizability increases the importance of understanding the various factors that can impact the solar panel’s performance. The solar panel with warranties and premium performance is more expensive. On the other hand, an in-depth analysis is required if high-efficiency solar panels and warranties can fit your needs.
How much energy can users generate in Connecticut?
Your solar panel performance depends on the quality and quantity of sunlight directly hitting your solar panel. Connecticut isn’t one of the sunniest states in the U.S., and the Connecticut solar panel system is expected to produce less energy per annum compared to the system of the same size installed in other states like California or Southwest. The other factors which can have an impact on the Connecticut solar panel system include the following:
- Shading
- Panel orientation
- Panel angle
Rebates and incentives
The federal Investment Tax Credit has been one of the most impactful and reliable incentives for solar across the U.S. the user can deduct 26% of the total system cost from his/her federal taxes. This advantageous incentive lasts until the end of 2022 and from 2023 the tax credit amount steps will decrease to 22%. The federal ITC is eliminated for residential solar installations after 2023, but commercial solar energy system owners can still deduct 10 percent of a commercial solar system cost from their taxes beyond 2023. Apart from the federal ITC, Connecticut offer additional incentives for going solar that such as the Residential Solar Investment Program, Energy Conservation Loan Program, generous tax exemptions on property sales, net metering program and PV system purchase.
Connecticut Solar Incentives, Rebates, & Tax Credits
Residential Solar Investment Program | Up to $0.46 per watt(depending on system size) |
Sales Tax Exemptions | Solar System Sales Tax Exemption. |
Property Tax Exemptions | Property Tax Exemption on Added Home Value from Solar System. |
Federal Solar Tax Credit | 26% federal solar tax credit is available for home solar systems installed by December 31, 2022[4]. |
Conclusion
If you are living in Connecticut, it is the right time to get solar. You can harness solar energy if the solar panels are getting enough sunlight. Moreover, the panels are placed in a direction where PVs can receive sunlight easily and continuously. The state is going the extra mile to offer attractions and incentives to promote solar energy, which decides against going solar easy and convenient. You can enjoy the return on investment within several years with net metering. If you want to go solar in Connecticut, wait no more. We, with our team of skilled experts, can make the process easy and convenient. Wait no more, and lets us serve you with excellence. We offers Free Solar Quotes in Connecticut.