11 Best Solar Companies in Gloucester City, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Gloucester City

Although solar panels can save you a decent chunk of change on electricity bills over time, it's necessary to consider the upfront costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• The cost of energy for you: If your local energy rates are high, there's a better chance you'll get a higher return on your investment in a solar system. In Gloucester City, you can save an average of $60 a month on your electricity bills.
• Your energy consumption: If your household regularly uses a lot of energy, you'll see more savings from switching to solar.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $15,000 on your energy bills over 20 years not including incentives.
• System size and type: Some models are more expensive than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.

Though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the amount of daily direct sunlight available and incentives.

Solar Incentives in Gloucester City

In an effort to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Gloucester City

If you're thinking of adding solar panels to your home, one of the major reasons why may be to lower your greenhouse gas emissions. But how much can installing solar panels actually affect the environment? One thing to keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.