12 Best Solar Companies in Freehold, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Freehold

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to install your system. Some important things that impact the cost and possible savings include:

• How much electricity your household consumes: Homes that need plenty of electricity each month may require more solar panels and, therefore, more upfront cost, but will also benefit more over time.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• The type of solar panels you want to get: More efficient panels have higher prices, so that will affect your budget for your solar project.
• Your household's power bills: With high monthly power bills in Freehold, you could save about $650 a year with solar.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and your local electricity rates.

Solar Incentives in Freehold

If you're considering making the switch to solar power, a variety of government incentives and subsidies can dramatically bring down your project costs and speed up the return on your investment. These incentives typically take the form of cash rebates, tax breaks and/or solar renewable energy credits. They can cut the cost you pay for going solar by 30%, upwards of 50% depending on your location. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Freehold

One of the best reasons to tap into solar power is to cut your dependence on traditional energy sources like burning fossil fuels, which are harmful for the environment. A question many people might be thinking about is how much can they really help protect the environment by switching to solar power anyway? The average person has a sizable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions a year, and powering their home, it can be overwhelming to figure out what to do. Switching to solar is a practical thing you can do to help. Although solar panel production releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used traditional energy. In Freehold, you can reduce your carbon footprint by 60 pounds a year with solar panels. Since solar energy is abundant and makes electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.