18 Best Solar Companies in Colonia, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Colonia

For a lot of homeowners, whether or not to invest in a solar energy system depends the most on the cost. There are a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, including:

• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. In addition, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• average energy usage: The more energy your home uses on average and the steeper your current energy bills are, the more money you could save by switching to solar.
• Average daily sunlight: Since Colonia gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, like the size of your house and your local electricity rates.

Solar Incentives in Colonia

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar more financially viable and accessible. There are quite a few federal, state and local rebates and tax credits that let you earn a decent amount of money in return after paying for a solar panel system. For comprehensive information about incentives for homeowners in Colonia, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Colonia

Lots of people want to do what they can to help the planet, which often is the primary motivation to install solar panels. But you may be wondering — how much exactly can you help by going solar? Something that can drastically affect your carbon footprint is how long your commute is and how much you drive altogether. If you switch to solar power and drive an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. When you go solar, your carbon dioxide emissions can be reduced by about 60 pounds every year. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.