17 Best Solar Companies in Green Brook, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Green Brook

We get that for many homeowners, the decision to invest in solar depends on installation costs. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Average daily sunlight: Since Green Brook gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your electricity bills will be.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• The cost of energy for you: If your local power rates are high, there's a better chance you'll get a higher return on your investment in a solar panel system. In Green Brook, you can save an average of $58 a month on your electricity bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your current power bills.

Solar Incentives in Green Brook

In an effort to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more economical and accessible. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Green Brook

One of the best reasons to embrace solar power is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Green Brook, though. In Green Brook, where the energy generation could be cleaner, going solar can have a significant effect on the planet since solar power is an abundant source of clean energy. Although solar panel production emits carbon dioxide, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used traditional energy. In Green Brook, you can reduce your carbon footprint by 60 pounds a year with solar panels. As you can see, going solar has so many other perks beyond saving money. One of the main ones is that you can help save the environment too.