15 Best Solar Companies in Delanco, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Delanco

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to install your panels. The overall price and potential savings vary depending on some key factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $15,000 over the first 20 years with your system, too.
• The kind of solar panels you're thinking of getting: More efficient panels have higher prices, so that will determine your budget for your solar project.
• Your current electricity bills: Solar panels can greatly lower, or totally eliminate, your utility bills. In Delanco, you can save an average of $60 a month.
• Electricity consumption: The average home in Delanco doesn't use much energy, and consequently may not see as many savings on their power bills.

So are solar panels worth it? Whether you hope to reduce your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Delanco homeowners.

Solar Incentives in Delanco

Since solar power is more sustainable than burning fossil fuels, there are several government incentives available to encourage people to make the switch. Regardless of where you live, 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 on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some local incentives you can benefit from too. Take a look at our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Delanco

Switching to solar energy can have a positive impact on the environment. A question many might have in mind is how much can they really help the environment by going solar anyway? Your energy usage is an important factor to think about. The more power your household consumes, the bigger your impact when you switch to solar energy. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 60 pounds each year. As you can see, using solar power has so many other benefits besides saving money. One of the major ones is that you can help save the planet too.