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  • Writer's pictureAdam H. Cooke

Reasons To Install Solar Panels In Your Home I

2040 is an important year when it comes to residential solar incentives in Connecticut. The ITC provides an amount of tax relief to homeowners who have chosen to purchase or install a residential solar power system. Obtaining a solar energy system installed or built by the end of 2021 grants the state the greatest incentive of any number of solar incentive programs currently in place in the United States. Getting solar power systems installed or built will not only save on your energy costs but also reduce the carbon footprint that your home leaves behind.

Many residents of Connecticut are not aware that they qualify for the state's solar investment tax credit and utility company rebate programs. Because the residential solar incentives vary from one state to the next, it is best to do some research and comparison shopping in advance of making any investment decision. For example, Connecticut residents interested in the ITC should visit the Connecticut Office of Energy & Environmental Protection. This office works closely with several other state and federal agencies to help those who want to take advantage of the state's rebate program. If you live in Connecticut, you should visit the website of SSE - Southern Shops. They have a great deal of information on solar systems and they also offer many different types of rebates.

When comparing residential solar investment rebates in Connecticut it is important to know exactly what you are comparing. The solar tax credit and utility company rebates are not the same thing. The tax credit is the amount you receive back from your investment while the rebates are the actual savings you can receive. For example, if your residential pv system requires six thousand dollars worth of electric consumption over the course of a year, you could receive a rebate worth ten thousand dollars.

The state of Connecticut offers rebates for energy conservation. When you are comparing residential solar tax credits in Connecticut, make sure that you are comparing the actual savings and not the amount of rebates. As mentioned above, there are several different rebates available to those who are interested in installing solar panels. You can get a rebate for up to five hundred dollars, depending on the type of system you have and how far it will be installed.

When you look at the actual costs of purchasing and using fossil fuels, it is clear that they are far higher than the cost of solar energy systems. In fact, there are currently over two hundred oil refineries currently operating around the world. That means that for every refinery there is a need for well over a hundred workers. Not to mention that there are millions of people working in the oil industry. The only reason that refineries can continue to operate is because of the tax credits that they receive.

There are many reasons that you should look into getting a solar system installed, but it doesn't have to be that expensive. If you are able to find some government grants for installing solar panels, you could easily save thousands of dollars. Remember that when you are comparing different incentives and rebates, you always want to make sure that you are comparing apples-to-apples. What you may not realize is that in some states, a solar system installation will qualify you for more than one incentive.

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