{"id":1871,"date":"2023-05-16T15:19:48","date_gmt":"2023-05-16T20:19:48","guid":{"rendered":"https:\/\/www.ctenergyratings.com\/blog\/?p=1871"},"modified":"2023-05-16T15:19:51","modified_gmt":"2023-05-16T20:19:51","slug":"are-solar-panels-worth-it-in-ct","status":"publish","type":"post","link":"https:\/\/www.ctenergyratings.com\/blog\/are-solar-panels-worth-it-in-ct\/","title":{"rendered":"Are Solar Panels Worth It in CT?"},"content":{"rendered":"\n

CT Customers Going Solar<\/h2>\n\n\n\n
\"Solar
Putting in solar panels on your CT home seems like a good investment to some but not so much for others. Find out the costs and savings to learn if it’s right for your home.<\/em><\/center><\/figcaption><\/figure><\/div>\n\n\n\n

CT electricity rates have been consistently high recently. And with summer around the corner, that could mean excessive energy bills<\/a>. But many CT electricity customers considering going solar are wondering if photovoltaic (PV) panels<\/a> worth it in CT? Let’s look at what it all entails.<\/p>\n\n\n\n

Why CT Customers Want PV Panels<\/h3>\n\n\n\n

CT customers pay some of the highest electricity rates<\/a> in the country. Especially if they haven’t switched from high price to compare (PTC) rates<\/a>. This leads to CT customers looking for any way they can save money. And installing PV panels on your home could help offset monthly energy costs. More importantly, these panels reduces your carbon footprint, making your home more environmentally friendly.<\/p>\n\n\n\n

Best Reasons To Go Solar<\/h3>\n\n\n\n

Monthly costs are one of the major benefits of going solar. Because the more energy your panels produce, the less electricity you’ll need to buy from a supplier. And those savings add up. In fact, a recent Forbes article<\/a> mentions an estimated $15,000 in energy savings over 20 years after installing PV panels.<\/p>\n\n\n\n

Obviously, we can’t forget the environmental impact. Unlike natural gas fueled energy, solar cells produce no air pollution. So even if your solar panels don’t completely cover your energy needs, they still puts a good dent in your carbon footprint.<\/p>\n\n\n\n

CT PV Panel Costs<\/h3>\n\n\n\n

However, it’s not all smooth sailing.<\/p>\n\n\n\n

First the price per panel can be intimidating. In CT, just the panels for a 6 kw system cost around $11,000 before installation costs. For most homes, $11,000 is a huge ask for an upfront investment. Thankfully though, the initial upfront cost can be offset by solar tax credits<\/a>. Assuming you install $11,000 of PV panels this year, you can deduct 30% of the cost ($3,300) from your taxes.<\/p>\n\n\n\n

Second, a panel that’s rated to 200 watts isn’t going to always produce 200 watts. That’s because PV panels work best with optimal direct sunlight shining down on them. That means their output diminishes as the angle and intensity of the sun lessens. For example, these solar maps<\/a> show that CT receives 3-4 months less direct sunlight (irradiance) than southern states like Texas or Florida. As a result, it takes anywhere from 7-10 years for CT solar panels to pay for themselves.<\/p>\n\n\n\n

Are CT Solar Panels For You<\/h3>\n\n\n\n

The environmental and budget benefits of going solar can’t be denied. However, there are important things to consider before making the plunge. But if you can stick it out, then putting in PV panels may provide great long-term savings on your CT electricity rates<\/a> and increase your home’s value.<\/p>\n\n\n\n

As always you can shop for great plans and find ways to save money on lower electricity rates at https:\/\/www.ctenergyratings.com<\/a>. Plus remember to come back here for the news that affects your CT electricity bills.<\/p>\n","protected":false},"excerpt":{"rendered":"

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