18 Best Solar Companies in Belmar, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in Belmar

The cost of installing solar panels has decreased immensely in the past few years, but it's still a significant investment for most homeowners. There are several factors you should consider when determining costs and your potential savings, such as:

• Average daily sunlight: Since Belmar gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much you can save on your energy bills.
• Electricity consumption: The average home in Belmar doesn't use much energy, and consequently may not see as many savings on their power bills.
• Incentives: Tax-paying citizens who install a solar system this year can save 26% of their overall solar costs by using the federal solar investment tax credit. You can also save about $14,000 on your utility bills over 20 years without incentives.
• Your household's power bills: With high monthly power bills in Belmar, you could save about $650 a year with solar.

Solar is a rewarding investment for most homeowners. You can generate your own energy instead of paying for it from the grid and take advantage of solar incentives, all while helping protect the environment.

Solar Incentives in Belmar

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Belmar

A lot of people want to do their part to help the environment, which often is the primary reason they're interested in installing a solar system. But how much can installing solar panels actually affect the environment? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car 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 Belmar, the average household can reduce their carbon footprint by 60 pounds a year once they go solar. The good things about solar power are infinite — just like solar power is! That's why so many people have been happy with committing to solar.