How Homeowners Save Money With Solar Power

Big businesses, schools, and the agriculture sector (particularly farmers) are all embracing solar power as a viable alternative energy source. Especially in Connecticut, there are companies who will work with you to create a high-quality, customized energy solution involving solar panels. Now, because of the way that technology has advanced and due to a number of financial incentives, homeowners are able to have solar energy systems installed for residential purposes.

Using Solar Power At Your Home To Save Money

It’s understandable that some people won’t be immediately convinced that they can use solar panels, let alone even get them installed. Fortunately, there are a number of ways that homeowners can save money by having their very own solar energy system in place.

Are You Eligible for Solar Panels?

Sometimes, people won’t even consider getting solar panels installed because they believe they aren’t qualified, can’t afford it, or don’t have the space required. For example, a common myth associated with solar power is that older or smaller houses cannot have solar panels installed because of the weight, or that the return on investment won’t be worth it. In order to have solar panels installed, you need to have a sturdy roof that’s not regularly covered in shade, and that’s pretty much it. When you work with an experienced solar energy company, they should provide a free consultation that helps you determine your eligibility. As you work with them, they’ll be able to explain the ideal setup for your home, how long it should take, and even help to secure the necessary permits and financial incentives, which are plentiful and rewarding.

Great Government Incentives

The federal government (and some state governments) will provide grants to homeowners that will actually help to offset the cost of installation, meaning that you can see the savings of solar right away. Along the same lines, cash rebates are available depending on the size of your project. Homeowners with solar installations are eligible for a 26% federal tax credit, and can also receive certain property and tax exemptions because of solar panels. Lastly, studies have proven that homes with fully a purchased solar panel installation actually increase in value over time.

Save Big on Your Electric Bill

Once you have your solar panels installed, they’ll work every single day to generate completely green and sustainable energy. They’ll even function on cloudy days. Once your home generates more electricity than is required at any given moment, the utility company will apply credit to your bill, meaning you can save monthly on electric costs.

Some homeowners even go as far as to install a solar carport which is used solely to power their electric vehicle (EV). Doubling down on green, sustainable energy like this is a great way to reduce your carbon footprint and help lengthen the health of the environment for your family and community.

Find Out How You Can Get Solar Power For Your Home

When you’re ready to make the switch to solar, always consult with a team of professionals who can properly guide you through the process. You’ll feel great about your decision, and enjoy the financial benefits for years to come.