11 Best Solar Companies in Chester, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Chester

The cost of installing a solar panel system has dropped significantly over the past several years, but it's still a significant investment for most homeowners. There are quite a few factors you should take into consideration when determining the overall cost and how much you can save, such as:

• System size and type: Some models are more costly than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• How much you spend on energy: If your local energy rates are high, there's a better chance you'll end up with a higher return on your investment in a solar system. In Chester, you can save an average of $54 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. Plus, you can save about $13,000 over 20 years on your utility bills, without incentives.
• Your home's orientation toward the sun: This, and your roof configuration, affects affect how much electricity your solar panels can make.

Because of solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Chester

One of the great things about installing a solar panel system is earning federal and potentially state incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some local incentives you can benefit from too. In our article on solar incentives, you can read about the incentives you qualify for in Chester.

Environmental Impact of Switching to Solar in Chester

There are tons of reasons to switch to solar energy, like saving on electricity bills and helping to lower your carbon footprint. But how much can using solar energy instead of traditional energy actually affect the environment? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 50 pounds each year. As you can see, using solar power has so many other perks beyond saving money. One of the main ones is that you can help save the environment too.