16 Best Solar Companies in Atlantic City, NJ (Jul 2022 Review)

The Cost and Benefits of Solar in Atlantic City

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to set up your panels. Some key things that influence the upfront cost and potential savings over time include:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 26% of the project cost. Your state may also have incentives and rebates that you can use. In addition, you can save about $19,000 over 20 years on your utility bills, before factoring in incentives.
• How much energy costs for you: The average household in Atlantic City spends around $910 a year on electricity alone, so you could gain that much in savings.
• Your city: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• How much energy you use: If your home needs to use a lot of energy, you'll reap more rewards from switching to solar.

So is buying solar panels worth it? Whether you hope to decrease your energy bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Atlantic City homeowners.

Solar Incentives in Atlantic City

To increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more financially viable and accessible. When you install solar panels on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Atlantic City

Many want to do their part for the planet, which for many is the prime reason they're interested in installing solar panels. But how much can installing solar panels actually affect the environment? Using clean energy for electricity instead of using nonrenewable energy is a great way to reduce your carbon footprint if you're conscious of Atlantic City's fair level of greenhouse gas emissions. Even though solar panel production emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have released if you still used traditional energy. In Atlantic City, you can reduce your carbon footprint by 60 pounds a year with solar panels. The great things about solar power are abundant — just like solar power is! That's why so many Atlantic City residents have been happy with making the switch to solar.