16 Best Solar Companies in Avenel, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Avenel

For a lot of homeowners, whether or not you should invest in a solar energy system boils down to the cost. The cost of solar and the savings it generates vary depending on a few important factors such as:

• 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 buy, the more it'll cost.
• Your home's power bills: Based on the high monthly electric bills in Avenel, you could save about $710 a year with solar.
• Average daily sunlight: Since Avenel gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can result in an average of $14,000 of savings over 20 years.

There are many great benefits of solar despite the upfront cost of installation. It can help the Earth and your finances. Additionally, it can raise the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Avenel

One of the benefits of installing a solar panel system is earning incentives from the government. There are a lot of federal, state and local rebates and tax credits that can earn you anywhere from 30% to 50% of your money back after installing a qualifying system. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Avenel

If you want to add solar panels to your home, one of the principal reasons why may be to lower your reliance on nonrenewable energy. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Avenel, though. The more power you use, the better off the planet will be when you switch to solar as you won't need to burn as many fossil fuels. In Avenel, the average homeowner can reduce their carbon footprint by 60 pounds a year after going solar. Since solar energy is plentiful and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help protect the environment.