17 Best Solar Companies in Golden Triangle, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Golden Triangle

For most homeowners, whether or not to invest in solar energy boils down to the cost. Some significant things that determine the cost and possible savings include:

• Energy consumption: Installing solar panels may be an expensive option for families that don't consume a lot of energy a month.
• Your income and budget: This determines what model of solar panels you can purchase.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $15,000 over 20 years with your solar system, too.
• Your energy bills: This will dictate your savings. In Golden Triangle, the average homeowner can save about $710 a year on their electricity bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, including the kind of solar panels you get and your energy consumption.

Solar Incentives in Golden Triangle

There are lots of reasons why you should switch to solar. One of them consists of some government incentives that can save you money. In addition to the federal tax credit incentive, there are also some local incentives, which in almost all cases, stack with the federal incentive, so you can save even more. In the table below, you can find out about the incentives you qualify for in Golden Triangle.

Environmental Impact of Switching to Solar in Golden Triangle

One reason so many are thinking of installing solar panels is to help reduce their environmental impact. But how much can installing solar panels actually help the environment? The more power you use, the the more the environment will benefit from you switching to solar as you won't have to rely on traditional energy sources as much. In fact, if you install solar panels, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. Since solar power is plentiful and produces electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help preserve the planet.