18 Best Solar Companies in Cherry Hill, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Cherry Hill

The cost of installing solar panels has decreased immensely over the past several years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• The kind of solar panels you want to get: Some are more expensive, so that will shape your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $15,000 over the first 20 years with your solar panels, too.
• How much energy costs for you: The typical household in Cherry Hill spends around $750 a year on home energy use alone, so you could gain that much in savings.
• Your energy consumption: If your home uses a lot of energy, you'll reap more rewards from switching to solar.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Cherry Hill

Switching to solar power has a lot of great benefits. Not only can it help protect the Earth, but you can also save a decent amount of money on your installation with various government incentives. State and city solar incentive programs depend on the location and, sometimes, utility company. Many states offer rebates for solar power systems, in addition to the federal solar tax credit. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Cherry Hill

One of the best reasons to adopt solar energy is to minimize your dependence on traditional energy sources like burning fossil fuels, which are harmful for the environment. Something many might be wondering about is how much can they really help the environment by switching to solar power anyway? One thing to keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. If you want to do what you can for the environment, you'll no doubt find that there are many benefits of adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.