Please note that this is an estimator: while it may provide a fairly accurate sense of your potential savings, due to numerous factors, the true value may vary from this estimate.
What are the advantages of solar?
What can you save?
If your home qualifies for solar, among other factors your savings will depend greatly on how you choose to go solar. Each option has it’s benefits. You will most commonly have higher savings when you purchase or take a loan for your solar panel system as you can be eligible for state incentives. A solar lease on the other hand, allows you to go solar with no money down and gets you saving right away.
If you’re home qualifies for solar, your savings potential depending on select factors and the way you decide to go solar can be see below:
These ranges are estimates: while they may encompass your estimated potential savings, your true value may vary from the values shown below due to a variety of influences.
The annual installed solar capacity in Connecticut continues to grow year-over-year. Homeowners in Connecticut are eligible for a 30% Federal Tax Credit when purchasing a solar panel system as well as a solar rebate, also known as the Residential Solar Investment Program (expiring December 31, 2022) that provides a $0.54 per watt rebate (up to a 10 kW system) when purchasing the panels.
They also have a state loan program, the Energy Conservation Loan that provides eligible families with the ability to borrow up to $25,000 at low interest rates between 0 to 6 percent.
Massachusetts is among the top 10 solar states in the United States with nearly 250,000 residential solar installations. The state supports homeowners adopting solar through a Federal Tax Credit and a low interest loan program called the Mass Solar Loan. They also provide homeowners with the opportunity to sell excess electricity through SRECs and earn earn extra money.
New York is also among the top 10 solar states in the United States with over 150,000 residential solar installations. The state supports homeowners adopting solar through a 30% Federal Tax Credit and local incentives for both leasing or purchasing a solar panel system. This including being 100% exemption from sales and property tax when purchasing a system and a t ax incentive where they can claim 25% of the total value of a lease over a lease contract period.
Estimates vary according to variety of factors including utility rates, location, and electricity usage. Projected savings are not guaranteed and can vary due to changes in factors such as current utility prices and government policies. Estimates are based on payments for a 20 year period. By filling in this form, you consent to receive calls and electronic forms of communications including emails and text messages at the number you provided, even if it is a wireless number and even if you have previously registered with the Do Not Call list. You are not required to provide your consent to these calls to make a purchase from us and can opt-out any time.