17 Best Solar Companies in East Freehold, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in East Freehold

While solar panels can help save you a decent chunk of change on electricity bills over time, it's necessary to consider the upfront costs. The overall price and potential savings vary depending on a few important factors such as:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 26% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• How much energy costs for you: The typical household in East Freehold spends around $650 a year on electricity alone, so you could end up with that much in savings.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• How much power your household needs: If your household regularly uses a lot of energy, you'll reap more rewards from installing solar panels.

Solar is a valuable investment for most homeowners. You can produce your own energy instead of paying for it from the grid and make use of solar tax credits and rebates, all while helping the planet.

Solar Incentives in East Freehold

There are a lot of reasons why adopting solar power is beneficial. One of them consists of some government incentives that can help save you some money. In addition to the federal solar investment tax credit, there are also some state- and city-level benefits, which in the majority of cases, can be claimed in addition to the federal incentive, so you get to save even more. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in East Freehold

There are a few main reasons why people are interested in solar energy: for the financial and environmental benefits. Something many might have in mind is how much can they really help the environment by switching to solar power anyway? As reported by the EPA, electricity generation is the second greatest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Switching to a clean energy source like solar power can help put a dent in that statistic in a city like East Freehold that generates a fair amount of carbon dioxide emissions each year. Once you go solar, your carbon dioxide emissions can be cut by about 60 pounds every year. As you can see, going solar has so many other benefits beyond saving money. One of the major ones is that you can help save the environment too.