16 Best Solar Companies in Egg Harbor City, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Egg Harbor City

The cost of installing solar panels has dropped greatly over the past several years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Typical energy usage: The more power your home uses on average and the greater your current power bills are, the more benefits you'll see from going solar.
• Your income and budget: This affects what model of solar panels you can buy.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panels won't be able to generate as much energy, which will give you lower savings on electricity bills than a house with a roof that gets a lot of sunlight.

There are lots of good benefits of solar even with the initial cost of installation. It can help the Earth and your finances. Additionally, it can raise the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Egg Harbor City

One of the great things about installing a solar panel system is earning federal and potentially state incentives. Local solar incentive programs vary by location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. Check out the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Egg Harbor City

Lots of people want to do their part to help protect the environment, which for many is the main motivation to install solar panels. A question many people might be thinking about is how much can they really help save the environment by switching to solar power anyway? The more energy your house uses, the the more the environment will benefit when you switch to solar as you won't have to rely on traditional energy sources as much. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. If you care about the environment, you'll most likely understand that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.