15 Best Solar Companies in Deptford, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Deptford

For most homeowners, the decision to invest in a solar energy system depends the most on the cost. Some key things that influence how much it will cost and how much you could save include:

• The kind of solar panels you can purchase: This hinges on how much you're willing to spend upfront.
• How much you spend on energy: The average household in Deptford spends around $800 a year on power alone, so you could gain that much in savings.
• How much power your household needs: If your family needs to use a lot of energy, you'll reap more rewards from going solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your 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 $16,000 over 20 years with your solar system, too.

So is a solar panel system worth it? Whether you want to decrease your energy bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Deptford homeowners.

Solar Incentives in Deptford

If you're thinking about switching to solar energy, a number of government incentives and state programs can immensely reduce the cost of the project and speed up the return on your investment. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there are often some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. For comprehensive information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Deptford

One of the most compelling reasons to adopt solar power is to reduce your dependence on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. You may be curious — how much does making the switch help the environment anyway? Everyone can help the environment by switching to solar energy, but homes that use a lot of energy will have a greater impact. Once you go solar, your carbon dioxide emissions can be reduced by about 60 pounds a year. Since solar power is abundant and produces electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.