11 Best Solar Companies in Alexandria, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Alexandria

For many homeowners, whether or not to invest in solar panels comes down to the cost. Some important things that impact the upfront cost and potential savings over time include:

• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can lead to an average of $13,000 of savings over 20 years.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panel system won't be able to produce as much energy, which will give you lower savings on power bills than a roof that gets plenty of sunlight.
• Your income and budget: This affects what kind of solar panels you can afford.
• How much energy costs for you: The average household in Alexandria pays around $650 a year on energy alone, so you could be looking at that much in savings.

So is a solar panel system worth it? Whether you'd like to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a solid investment for many Alexandria homeowners.

Solar Incentives in Alexandria

Because solar power is a cleaner source of energy than burning fossil fuels, there are several government incentives available to encourage people to make the switch. These incentives typically include cash rebates, tax breaks and/or performance-based incentives. They can lower how much you end up spending on going solar by 26 to 50% in some cases. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Alexandria

Installing solar panels is a good way to do your part for a more sustainable future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Alexandria, though. The average person has a substantial carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to figure out what to do. Going solar is one of the easiest things you can do to help. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 50 pounds each year. If you care about the environment, you'll likely find that there are many benefits of adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.