13 Best Solar Companies in East Franklin, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in East Franklin

The cost of putting up a solar panel system has gone down significantly over the past few years, but it's still a substantial investment for most homeowners. Some significant things that impact the cost and possible savings include:

• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much energy costs for you: If your local utility rates are high, there's a good chance you'll see a higher return on your investment in solar panels. In East Franklin, you can save an average of $60 a month on your electricity bills.
• Your city: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and city may also have various incentives that you can use. Additionally, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.

Though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your energy consumption.

Solar Incentives in East Franklin

If you're planning on making the switch to solar energy, various government incentives and solar rebates can drastically lower your project costs and speed up the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially use the ITC with other local incentives. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in East Franklin

Going solar can have a beneficial impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in East Franklin, though. Something that can dramatically influence your carbon footprint is how long your commute is and how much you drive altogether. If you install solar panels and have an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. Although solar panel production releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In East Franklin, you can reduce your carbon footprint by 60 pounds a year with solar panels. If you want to do what you can for the environment, you'll no doubt get that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.