17 Best Solar Companies in Camden, NJ (Jul 2022 Review)

The Cost and Benefits of Solar in Camden

While solar panels can help save you a decent chunk of change on energy over time, it's necessary to know the upfront costs. There are several factors you should take into consideration when trying to figure out the overall cost and how much you can save, including:

• How much power your household consumes: Homes that consume a lot of electricity each month may require more solar panels and, as a result, more upfront cost, but will also enjoy more savings over time.
• Average daily sunlight: Since Camden gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 26% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $15,000 on your energy bills over 20 years not including incentives.

Because of the cost of solar panels being lower than before as well as local and federal solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Camden

To increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more affordable and accessible. You can qualify 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. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Camden

An important reason so many are thinking of switching to solar power is to help bring down their environmental impact. Something many might have in mind is how much can they really help preserve the environment by switching to solar power anyway? Using renewable energy for electricity rather than using nonrenewable energy is a great way to reduce your carbon footprint if you're conscious of Camden's fair level of greenhouse gas emissions. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 60 pounds each year. As you can see, using solar power has so many other rewards beyond saving money. One of the most important ones is that you can help save the environment too.