16 Best Solar Companies in Avenel, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in Avenel

We understand that for most homeowners, the decision to invest in solar hinges on installation costs. Some significant things that affect how much it will cost and how much you could save include:

• The kind of solar panel system you have the money for: This is dependent on how much you're willing to spend upfront.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 26% of the project cost. Your state may also have various incentives that you can take advantage of. Plus, you can save about $14,000 over 20 years on your utility bills, not including incentives.
• How much energy costs for you: If your local utility rates are high, there's a good chance you'll get a higher return on your investment in a solar panel system. In Avenel, you can save an average of $60 a month on your electricity bills.
• How much power your home consumes: Homes that use a lot of electricity each month may need more solar panels and, therefore, be more expensive, but will also benefit more over time.

So is a solar panel system worth it? Whether you hope to lower your energy bills, carbon emissions or both, solar panels are a good investment for many Avenel homeowners.

Solar Incentives in Avenel

If you're planning on switching to solar energy, various government incentives and tax credits can immensely bring down the cost of the project and expedite the return on your investment. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 26% of how much you paid for your solar installation on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. Check out the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Avenel

A lot of people want to do their part for the planet, which for many is the main reason they're interested in installing a solar system. Something many might have in mind is how much can they really help preserve the environment by going solar anyway? One thing that can severely influence your carbon footprint is your commute time and how much you drive in general. If you install solar panels and have an electric car, you can vastly decrease your carbon dioxide emissions by charging your car at home. Even though solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Avenel, you can reduce your carbon footprint by 60 pounds a year with solar panels. As you can see, going solar has so many other rewards apart from saving money. One of the major ones is that you can help save the Earth too.