Take advantage of the new Connecticut tax credit for solar panels.
Momentum Solar works tirelessly to provide residents of Stamford Connecticut with clean, price-protected energy
Positioned between New York City and a large geographical chunk of Connecticut, Stamford offers the best of both worlds: a teeming metropolis close to Manhattan, and, to the north, a less-densely developed suburb filled with parks and quiet family neighborhoods.
Home to four Fortune 500 companies, a host of up-and-coming restaurants, beautiful coastline views, and Cove Island, a stunning nautical park, Stamford is also regularly noted as one of the best places to live in Connecticut and around the country.
If you live in Stamford, then you already know of and likely enjoy all the attractions it has to offer. And if you’ve landed on this page, you’re probably looking to improve your living experience with solar energy.
Momentum Solar, one of the top solar companies in the United States, helps homeowners like you improve your home and the environment while dramatically reducing energy costs. To learn more about solar in Stamford, read below.
Why Go Solar?
If you’re researching solar panels, you’re likely aware that solar energy, which is derived from the sun, is a truly renewable energy source.
However, you may not know that the installation of solar panels can also increase your home’s value while dramatically reducing energy costs.
Also, despite what you may have heard, solar panels are incredibly easy to maintain. Unlike complicated electrical systems, which require routine maintenance, solar panels merely need a quick cleaning several times a year.
Cost of Solar in Connecticut
Solar tax credits promote business growth, jobs and tax revenue. Among the recent national leaders in solar policy, Connecticut offers solar tax credits that have earned the state an “A” grade from a leading solar panel advocate.
In addition to the state incentives, Connecticut residents can now take advantage of the Federal Solar Panel Tax Credit of 26% for 2020 (or 22% in 2021).
Solar Panels: A Great Investment
Both state-wide and national incentives contribute to the astonishing internal rate of return (IRR) on a solar panel purchase in Connecticut: 15.8%.
That’s double the IRR of 7.8% average for long term S&P 500 investments.
Of course, too, solar panels can save you a significant amount of money on energy costs: over $1600 per year in Stamford.
As DecisionData.org notes: Solar in Stamford is “38.3% more cost effective than the rest of the nation and will pay itself back in around 9 years 2 months,” well under the benchmark of 20-years for solar investments.
Contact Momentum Solar Today
If you are looking to purchase solar panels in Stamford, you may be surprised by abundance of options for installation and financing.
Simply put, going solar in Connecticut has never been so easy. To learn more about Momentum Solar’s solar financing options, contact us now to get a free estimate for your home solar installation.
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