16 Best Solar Companies in Eatontown, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Eatontown

For most homeowners, the decision to invest in solar panels comes down to the cost. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Electricity consumption: The average household in Eatontown doesn't use much energy, and as a result may not see as many savings on their power bills.
• Your home's power bills: Based on the high monthly electricity bills in Eatontown, you could save about $650 a year with solar.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings 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.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. Plus, you can save about $14,000 over 20 years on your utility bills, not including incentives.

There are many good benefits of solar despite the initial cost of installation. It can help the Earth and your finances. In addition, it can raise the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Eatontown

There are many reasons why you should switch to solar. One of them consists of some government incentives that can save you money. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly use the ITC with other local rebates and benefits. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Eatontown

Many want to do their part to help protect the environment, which often is the main motivation to install a solar system. Something many homeowners might have in mind is how much can they really help preserve the environment by switching to solar power anyway? The amount of energy you use is a key factor to consider. The more energy your home uses, the larger your impact when you go solar. In Eatontown, the average person can reduce their carbon footprint by 60 pounds a year once they go solar. For those who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.