Take advantage of the new Connecticut tax credit for solar panels.
Find out exactly how much solar will save Glastonbury, CT homeowners
Solar Module Installations in Glastonbury, CT
Glastonbury is known for its historic sites, picturesque parks, access to the Connecticut River and overall high quality of life. These charming features are in danger due to climate change – but switching to solar can significantly reduce our carbon footprint.
Here at Momentum, it is our mission to provide our customers with cleaner, price-protected power. Not only can solar energy improve the environment, but it can also give you control over Connecticut’s rising electricity prices.
Finding a quality solar module installer is just a click away! Enter your ZIP Code to find a Momentum Solarnear you.
Why Momentum Solar?
Solar Power Redefined: We strive to achieve 100% solar offset for our customers to maximize savings and increase the generation of clean energy. Momentum customizes each system design using first-class materials – keeping your home beautiful while bettering the environment.
Customer Experience Redefined: As an owner-operated company, our customers are our #1 priority. We will be there for you step by step and guide you through system design, engineering, permitting, installation, inspection and activation to ensure a seamless transition to solar energy.
Community Redefined: Momentum Solar is redefining what it means to be part of a community. We cherish our community comprised of our customers, employees and neighborhoods that we service. When you chose Momentum Solar, you choose Family.
Why Should I Switch?
Connecticut is a great place to switch to solar thanks to its many state incentives, federal tax credits and rising electricity costs. If you are concerned about the cost of solar, read on to see what rebates and tax credits you may qualify for.
Residential Solar Incentive Programs: There are programs for those who choose to buy their solar panel systems and for those who choose to lease.
The Expected Performance Based-Buydown (EPBB) incentive gives homeowners an upfront cost reduction when buying solar panels. The amount granted is based on the main design characteristics of the system such as the types of panels used, orientation, shading and solar insolation. This incentive is paid directly to the installer on behalf of the owner.
The Performance-Based Incentive (PBI) gives individuals who choose to lease the opportunity to benefit from solar power for little upfront cost on the system. In this scenario homeowners enter into a contract with a third-party solar panel system owner, and the PBI is paid to the system owner based on its performance over a span of 6 years. This amount is the reduced from the homeowner’s monthly cost. The PBI model also adds another bonus for systems that use components manufactured in Connecticut.
Solar Tax Credits: On top of state incentives, owners of solar power systems are also eligible for solar tax credits. Solar tax credits, also known as federal tax credits, allow solar energy owners to deduct 30% of the cost of installing the system from their federal taxes. Essentially, homeowners are receiving payment for the excess energy generated by their system that is being sent back into the neighborhood’s power grid.
The federal solar tax applies to both residential and commercial systems – every user that owns their systems, as opposed to renting them, qualifies for this deduction. This credit can be applied to personal income taxes that would otherwise be payed to the federal government.
Residential and commercial solar energy system owners can deduct 30% of the cost of installation for systems that have begun construction through 2019. Their solar tax credits then decrease as depicted by the following timetable:
- 2020 – 26%
- 2021 – 22%
- After 2021 – 10% permanently
How Do I Find a Solar Installer Near Me?
At Momentum, we take care of the entire solar energy process – from system design, engineering, permitting, installation, inspection and activation of your system. We are among the best solar companies in Connecticut – give us a call today!
To get started, click here for a free estimate for your home solar installation.
This customer’s bill is estimated to be $150 lower than the previous bill.
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