17 Best Solar Companies in Branchburg, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Branchburg

The cost of installing a solar panel system has dropped significantly in the past several years, but it's still a significant investment for most homeowners. A few main factors that influence the cost of installing solar panels on your home and how much it could save you over time are:

• Your income and budget: This shapes what model of solar panels you can purchase.
• How much energy you use: If your family needs to use a lot of energy, you'll see more savings from installing solar panels.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. In addition, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.
• The cost of electricity in your area: If your local utility rates are high, there's a better chance you'll end up with a higher return on your investment in solar panels. In Branchburg, you can save an average of $57 a month on your electricity bills.

Though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, including the size of your solar panel system and incentives.

Solar Incentives in Branchburg

One of the benefits of installing a solar panel system is receiving government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially pair the ITC with other state and city incentives. For more information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Branchburg

There are tons of reasons to trade traditional energy for solar power, like saving money on utility bills and helping to reduce your carbon footprint. But how much can switching to solar actually help the environment? Your energy usage is an important factor to think about. The more electricity your household consumes, the greater your impact when you go solar. When you go solar, your carbon dioxide emissions can be cut by about 60 pounds a year. As you can see, going solar has so many other benefits apart from saving money. One of the primary ones is that you can help save the environment too.