Lower utility bills, solar incentives, and a smaller carbon footprint – are only a few benefits of moving to solar power. These are just a few of the many great incentives for going solar if you live in Middletown, Connecticut. However, the monetary aspect of going solar is usually why Middletown, CT, homeowners put off installing a solar power system in their homes.
If you are reconsidering going solar due to formidable upfront costs, then you should know that there are many ways in which you can offset those costs today. Let’s dive in and understand the cost of going solar and how you reduce it.
Costs of Going Solar in Middletown, Connecticut
The average cost of a solar power system in Connecticut comes to around $30,000. There are many components to the cost of going solar:
- Cost of solar panels
The cost of solar panels can vary depending on the efficiency and warranty of the solar panel – Monocrystalline panels are the most efficient. Additional solar equipment
Apart from the solar power system, a solar installation may need additional equipment like solar batteries, or EV chargers.
- Installation Costs
These are determined by the installer you work with. Choose a reputed solar installer to ensure competitive prices and high durability of the solar installation.
- Administrative Costs
The administrative costs include applying for construction permits, roof inspection to ascertain structural integrity, the loan application process, and more.
Bringing Down the Cost of Going Solar
You can reduce the cost of going solar by taking advantage of tax credits, exemptions, solar buyback programs, and more.
- Reducing Upfront Costs
- Federal Solar Investment Tax Credit (ITC)
ITC offers a flat 30% tax credit on the cost of a solar installation. This is the biggest incentive you can claim in the US.
- Sales Tax Exemption
Sales tax for any purchase related to a solar power installation has been waived in the state. You can save a minimum of $1,000, and the amount can go up with the increasing cost of the project.
- Property Tax Exemption
You can claim property tax exemption year after year on your solar power installation.
- Smart E-Loans
Many financing options are available in Middletown, CT, but the smart e-loan is designed specifically to make it cheaper and easier for homeowners to go solar.
- Reducing Operational Costs
- Warranty
Most reputed solar installers in Connecticut, like Green Power Energy, offer 25-year warranties that reduce operation and maintenance costs.
- Buy All Sell All Program
It allows solar power system owners to earn a passive income from their installations.
Final Thoughts
Homeowners can enjoy a 40%-50% reduction in upfront costs while installing solar power systems. If you plan to go solar in Middletown, Connecticut, Green Power Energy can help you extract the most out of tax incentives and solar programs. Contact a GPE solar expert today.
