11 Best Solar Companies in Bellmawr, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Bellmawr

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to set up your system. There are several factors you should take into consideration when trying to figure out how much it will cost and how much you can save, such as:

• Typical energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more money you could save by going solar.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your energy bills: This will impact how much money you might save. In Bellmawr, the average homeowner can save about $710 a year on their electricity bills.
• Incentives: One thing that can reduce the cost of 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 on your power bills, which can lead to an average of $15,000 of savings over 20 years.

There are lots of great benefits of solar in spite of the upfront cost of installation. It can help the Earth and your bank account. Additionally, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Bellmawr

One of the benefits of installing a solar panel system is earning government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city rebates and benefits. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Bellmawr

Installing solar panels can have a beneficial impact on the environment. But you may be wondering — how much exactly can you help by going solar? Something that can severely shape your carbon footprint is your commute time and how much you drive generally. If you switch to solar power and drive an electric car, you can vastly decrease your carbon dioxide emissions by charging your car at home. While making solar panels releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Bellmawr, you can reduce your carbon footprint by 60 pounds a year with solar panels. The perks of solar power are infinite — just like solar power is! That's why so many people have been happy with committing to solar.