12 Best Solar Companies in Bound Brook, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Bound Brook

We understand that for most homeowners, the choice to invest in solar highly depends on installation costs. The overall price and potential savings vary depending on a few important factors such as:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Your home's power bills: With high monthly energy bills in Bound Brook, you could save about $710 a year with solar.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, like the kind of solar panels you get and your current power bills.

Solar Incentives in Bound Brook

One of the great things about installing a solar panel system is earning government incentives. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Bound Brook

One of the most compelling reasons to tap into solar energy is to decrease your dependence on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. You may be trying to figure out — how much does making the switch do for the environment anyway? One thing you should consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. For those who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.