11 Best Solar Companies in Newark, DE (Jun 2022 Review)

The Cost and Benefits of Solar in Newark

For many people considering switching to solar, the decision of which solar company to hire comes down to how much it'll cost. The cost and possible savings vary depending on a few key factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $17,000 over the first 20 years with your solar panels, too.
• Electricity consumption: The average home in Newark uses a decent amount of, and therefore may save on their energy bills.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Average daily sunlight: Since Newark gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your electricity bills will be.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the angle of your roof and your energy consumption.

Solar Incentives in Newark

If you're thinking about making the switch to solar energy, a number of government incentives and solar rebates can drastically lower your project costs and speed up the return on your investment. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. In the table below, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Newark

There are lots of reasons to make the switch to solar power, like saving on electricity bills and helping to reduce your carbon footprint. You may be wondering — how much does making the switch do for the environment anyway? In Newark, where the energy generation could be cleaner, going solar can have a big effect on the planet since solar power has a lower carbon footprint. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 60 pounds each year. If you want to do what you can for the environment, you'll most likely get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.