16 Best Solar Companies in Burlington, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Burlington

While solar panels can save you a good amount of money on electricity bills over time, it's necessary to consider the startup costs. There are several factors you should consider when trying to determine how much it will cost and how much you can save, including:

• System size and type: Some models are more costly than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Plus, you can save about $15,000 over 20 years on your utility bills, not including incentives.
• Your energy bills: This will impact how much you can save. In Burlington, the average homeowner can save about $710 a year on their electricity bills.
• Energy consumption: Installing a solar system may be too pricey an investment for families that don't need a good amount of energy per month.

Due to the cost of solar panels being lower than before as well as various solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Burlington

Because solar power is better for the environment than fossil fuels, there are quite a few government incentives in place to encourage people to make the switch. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. Our article on solar incentives has more detailed information on the incentives you can benefit from in Burlington.

Environmental Impact of Switching to Solar in Burlington

There are a few primary reasons why people want to invest in solar energy: to help their wallet and the environment. But you may be curious — how much exactly can you help by going solar? In a city like Burlington where energy use is somewhat high, installing solar panels is a great idea for homeowners who are worried about the state of the planet. When you go solar, your carbon footprint can be reduced by about 60 pounds a year. Since solar power is abundant and produces electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help the planet.