18 Best Solar Companies in Galloway, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Galloway

When deciding on a solar company, most homeowners or business owners wonder about the costs the most. Some key factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time include:

• Your income and budget: This determines what kind of solar panels you can buy.
• How much electricity your household consumes: Homes that need lots of electricity each month may require more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.
• Your energy bills: This will influence how much money you might save. In Galloway, the average homeowner can save about $910 a year on their electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $19,000 over the first 20 years with your solar system, too.

So are solar panels worth it? Whether you'd like to decrease your electricity costs, greenhouse gas emissions or both, solar panels are a solid investment for many Galloway homeowners.

Solar Incentives in Galloway

Switching to solar power has a lot of wonderful benefits. Not only can it help protect the environment, but you can also save some money on your installation with various government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly stack the ITC with other local rebates and benefits. Check out our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Galloway

Making the switch to solar power is a profound way to do your part for a more sustainable future. But you may be wondering — how much exactly can you help the environment by using solar power? An important thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be greater, so adopting solar energy for your house can help offset that. In Galloway, the average household can reduce their carbon footprint by 60 pounds a year after going solar. The perks of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.