12 Best Solar Companies in Carteret, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Carteret

For lots of homeowners, the decision to invest in a solar energy system comes down to the cost. There are quite a few factors you should take into consideration when determining the overall cost and how much you can save, such as:

• Your power bills: This will affect how much money you might save. In Carteret, the average resident can save about $710 a year on their electricity bills.
• Incentives: Those who install a solar energy system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your utility bills over 20 years without incentives.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much power your household consumes: Homes that consume lots of electricity each month may require more solar panels and, as a result, be more costly, but will also save more on their energy bills over time.

So is a solar system worth it? Whether you want to lower your electricity costs, greenhouse gas emissions or both, solar panels are a solid investment for many Carteret homeowners.

Solar Incentives in Carteret

There are many reasons why adopting solar power is beneficial. One of them consists of some government incentives that can help save you some money. On top of the federal tax credit incentive, there are also some local benefits, which in the majority of cases, can be claimed in addition to the federal incentive, so you get to save even more. For more information about incentives for homeowners in Carteret, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Carteret

If you're planning on adding solar panels to your home, one of the main reasons why may be to reduce your reliance on nonrenewable energy. But how much can using solar energy instead of traditional energy actually help the environment? The more energy your house uses, the the more the environment will benefit when you switch to solar since you won't need to rely on traditional energy sources as much. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could reduce 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 main ones is that you can help save the environment too.