15 Best Solar Companies in Edgewater, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Edgewater

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your panels. Some significant things that affect how much it will cost and how much you could save include:

• Average daily sunlight: Since Edgewater gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your electricity bills will be.
• The kind of solar panels you're thinking of getting: More efficient panels are more costly, so that will determine your budget for your solar project.
• Typical energy usage: The more energy your home uses on average and the higher your current energy bills are, the more benefits you'll see from switching to solar.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Additionally, you can save about $15,000 over 20 years on your utility bills, not including incentives.

As a result of solar panels decreasing in cost as well as local and federal solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Edgewater

Although solar power is typically a $15,000 to $25,000 investment, it can save you a lot of money over time due to reduced energy bills and government incentives. There are quite a few federal, state and local rebates and tax credits that let you earn some money back after installing a solar panel system. In our article on solar incentives, you can read about the incentives you qualify for in Edgewater.

Environmental Impact of Switching to Solar in Edgewater

If you want to add solar panels to your home, one of the primary reasons why may be to lower your greenhouse gas emissions. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Edgewater, though. The amount of energy you use is a key factor to consider. The more power your household consumes, the greater your impact when you go solar. Once you go solar, your carbon dioxide emissions can be cut by about 60 pounds every year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.