THE SMALLEST FASTEST GROWING STATE IN SOLAR
Why go solar in Connecticut
Connecticut may be the third smallest state, but it is rapidly growing in solar. Over 117,500 homeowners* have already installed a solar system in the Nutmeg State. Installing a solar system may help you save, especially if you take advantage of ongoing incentives. You will also be investing in your home, and thanks to the property tax exemption,** you will not be responsible for paying property taxes on the added home value.
Save on energy
Many Connecticut homeowners have already made the switch to solar, and they’re reaping the benefits of incentives and tax breaks. On top of tax savings, you can save on your monthly bills. With net metering, you will likely be off-setting most of your energy costs. By installing batteries, you may avoid paying for electricity at night. You can keep running off your own system. You may find yourself just paying the minimum monthly bill.
Be prepared for outages
Scheduled and unexpected outages are today’s reality. A bad storm can cause an unforeseen outage. Don’t be left without power. With a solar system and batteries, you can continue to power your home through the night or during an outage. Talk to your dealer about what battery will give you the freedom to power your home when an outage happens.
Preserve Conneticut’s outdoors
Connecticut homeowners love the natural beauty the state offers. Preserving the outdoors is important for many residents. Every home that goes solar is directly contributing to the reduction of greenhouse gas emissions. By reducing your carbon footprint you help fight climate change and reduce pollution.
Have predictable payments
No one likes being surprised by a giant utility bill! Make budgeting easier by going solar. By producing your own energy, you may only have to worry about the minimum bill. Not to mention your monthly payment for solar may remain the same during your term.
Invest in your home
Everyday more Connecticut homeowners go solar, many do so to invest in their homes. The average Connecticut home is worth $288,822, that is a 11.5% change from last year.*** By investing in your home, you can build equity and make it more attractive to potential buyers.**
Solar incentives in Connecticut*
Connecticut’s Residential Solar Investment Program offers a rebate worth $0.463 per watt of solar installed (up to 10kW). You can also qualify for a sales tax exemption and pay zero sales tax for your solar equipment, accessories, and installation, along with benefiting from a property tax exemption that applies to the additional value solar adds to your home. Some Connecticut utilities offer net metering, which credits you for the extra electricity your system produces. You can use those credits in exchange for power during times when your system doesn’t generate enough energy to meet your needs.
Arizona homeowners are also eligible for the Solar Investment Tax Credit (ITC). The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.**
Solar panels perform in all kinds of weather
Going solar is a big decision, and although there are many factors you should consider, local weather shouldn’t be a deterrent. Solar panels are designed to work in almost any type of weather… even snow and clouds!
Sunny
There are sunny days ahead for solar. The more sun you have access to, the longer your panels work during the day. Your panels work best at converting energy when sun rays shine directly at them. The more energy you produce, the more excess you may be able to send back to the grid. Take advantage of the excess through net metering and other incentive programs.
Rainy
As the rain pours down, your panels will continue to be hard at work. Solar panels will work with reflected or partially blocked sun rays to keep your home powered. Your production is linked to the amount of clouds. Rain will have some effect on your production, but the rays will still penetrate through the rain. It may actually help keep your panels working efficiently as they wash away any dust or dirt.
Cloudy
It is a misconception that panels don’t work on cloudy days. The best way to know how much the clouds affect your system’s performance is to monitor your system on sunny days and compare. Your system may actually be more efficient without the excess heat. This is because solar systems prefer the cold! The sun’s rays are still able to penetrate through cloudy skies and keep your system running.
Snowy
Amazingly enough, even when covered in snow a solar system can still produce power! Scattered light filters through snow and reaches solar panels even when the snow cover is fairly heavy. Your solar panels may actual be more efficient in light snow. Cold weather helps them perform better, and usually snow slides right off. Power production may be reduced with heavier snowfall, but your system can still produce.
Windy
Solar panels are highly reliable and sturdy, they hardly notice your average winds. In most cases, damage from wind will be due to weakened roofs, not solar panels. This is why we assess your roof condition and reccomend any repairs prior to installing your system. In the event that higher winds cause an outage in the grid, you will still have power if you have batteries with your system.
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*This information is current as of May 5, 2021 and figures are approximate. Customers are encouraged to check with their local utility providers for the most up to date and accurate information.
**You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.
***We advise you to consult with the appropriate professionals (including, but not limited to, your solicitor or attorney, accountant, CPA, CGA, or any other financial or legal advisor) for the implications of any information contained in our website and in any link you access through our website.
