14 Best Solar Companies in Andover, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Andover

When choosing a solar company, most homeowners or business owners worry about the costs the most. There are a few factors you should consider when trying to figure out how much it will cost and how much you can save, including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $14,000 over 20 years with your system, too.
• How much you spend on energy: The average household in Andover spends around $680 a year on home energy use alone, so you could be looking at that much in savings.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• How much power your home consumes: Households that need lots of electricity each month may require more solar panels and, consequently, be more costly, but will also enjoy more savings over time.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, like the kind of solar panels you get and your local electricity rates.

Solar Incentives in Andover

If you're planning on making the switch to solar energy, various government incentives and subsidies can immensely reduce your project costs and expedite the return on your investment. State and city solar incentives vary by location and, sometimes, utility company. Many states offer rebates for solar power, in addition to the federal solar tax credit. Check out our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Andover

One of the best reasons to switch to solar energy is to decrease your dependence on traditional energy sources like burning fossil fuels, which are damaging for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Andover, though. One thing you should keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 50 pounds each year. As you can see, trading traditional energy for solar has so many other benefits besides saving money. One of the most important ones is that you can help save the Earth too.