13 Best Solar Companies in Forked River, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Forked River

The cost of putting up a solar panel system has decreased significantly in the past several years, but it's still a large investment for most homeowners. A few key factors that determine the cost of installing solar panels on your home and how much money you could save over time include:

• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can generate an average of $14,000 of savings over 20 years.
• Your home's power bills: Based on the high monthly power bills in Forked River, you could save about $650 a year with solar.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• Whether or not your roof gets a lot of direct sunlight: This, plus how your roof is set up, affects affect how much energy your solar panels can generate.

There are lots of wonderful benefits of solar in spite of the upfront cost of installation. It can help the environment and your bank account. Additionally, it can increase the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Forked River

Switching to solar power has a lot of wonderful benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Forked River

Going solar can have a meaningful effect on the environment. But how much can using solar energy instead of traditional energy actually affect the environment? One thing that can dramatically affect your carbon footprint is how long your commute is and how much you drive overall. If you go solar and have an electric car, you can significantly decrease your carbon dioxide emissions by charging your car at home. Once you go solar, your carbon emissions can be lowered by about 60 pounds every year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.