16 Best Solar Companies in Cherry Hill Mall, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Cherry Hill Mall

For a lot of homeowners, whether or not to invest in a solar energy system comes down to the cost. Some significant things that influence the upfront cost and potential savings over time include:

• Average daily sunlight: Since Cherry Hill Mall gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much you can save on your energy bills.
• The type of solar panels you're thinking of getting: Some are more highly priced, so that will affect your budget for your solar project.
• How much power your household consumes: Households that use plenty of energy each month may require more solar panels and, therefore, be more costly, but will also benefit more over time.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $15,000 on your utility bills over 20 years without incentives.

So is a solar system worth it? Whether you hope to lower your electricity costs, greenhouse gas emissions or both, solar panels are a good investment for many Cherry Hill Mall homeowners.

Solar Incentives in Cherry Hill Mall

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a lot of money over many years because of reduced utility bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. For detailed information about incentives for homeowners in Cherry Hill Mall, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Cherry Hill Mall

Making the switch to solar power is a powerful way to do your part for a more eco-friendly future. But you may be curious — how much exactly can you help the planet by going solar? If your household uses lots of energy, you can impact the environment even more by switching to solar power. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. As you can see, going solar has so many other rewards besides saving money. One of the major ones is that you can help save the Earth too.