17 Best Solar Companies in Colts Neck, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Colts Neck

For a lot of homeowners, whether or not you should invest in solar energy boils down to the cost. The installation cost is just one important factor you should take into account 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 can buy: This is dependent on what your budget is.
• Incentives: Those who buy and install a solar system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $14,000 on your utility bills over 20 years not including incentives.
• Your energy bills: This will affect how much money you might save. In Colts Neck, the average resident can save about $650 a year on their electricity bills.
• How much power your household consumes: Homes that consume a lot of power each month may call for more solar panels and, therefore, be more costly, but will also save more on their energy bills over time.

So is buying solar panels worth it? Whether you hope to decrease your electric bills, carbon dioxide emissions or both, solar panels are a good investment for many Colts Neck homeowners.

Solar Incentives in Colts Neck

One of the good things about installing a solar panel system is receiving incentives from the government. 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 your project costs on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Colts Neck.

Environmental Impact of Switching to Solar in Colts Neck

One of the reasons so many homeowners consider installing solar panels is to help lower their environmental impact. But how much can switching to solar actually help the environment? One thing to keep in mind is your overall carbon footprint. For example, if you spend lots of time commuting to work 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 make the switch to solar power, you could lower your carbon dioxide emissions by about 60 pounds each year. If you want to do your part for the environment, you'll no doubt understand that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.