12 Best Solar Companies in Carteret, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Carteret

We understand that for lots of homeowners, the decision to invest in solar comes down to installation costs. The overall price and potential savings vary depending on a few key factors such as:

• Electricity consumption: The average home in Carteret doesn't use much energy, and so may not see as many savings on their power bills.
• Incentives: Those who buy and install a solar 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 energy bills over 20 years excluding incentives.
• Your energy bills: This will affect how much you can save. In Carteret, the average homeowner can save about $710 a year on their electricity bills.
• Your income and budget: This shapes what kind of solar panels you can buy.

So is a solar panel system worth it? Whether you want to reduce your electric bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Carteret homeowners.

Solar Incentives in Carteret

In an effort to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economical and accessible. There are several federal, state and local rebates and tax credits that let you earn a decent amount of money in return after paying for solar panels. Check out the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Carteret

One of the reasons so many are considering installing solar panels is to help reduce their environmental impact. You may be wondering — how much does making the switch help the planet anyway? The average person has a rather large carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions each year, and energy for their home, it can be overwhelming to think about what to do. Going solar is one of the easiest things you can do to help. While solar panel production releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Carteret, you can reduce your carbon footprint by 60 pounds a year with solar panels. Since energy from the sun is abundant and produces electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help the environment.