15 Best Solar Companies in Hamilton, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Hamilton

We get that for many homeowners, the choice to invest in solar rests on installation costs. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The model of solar panels you're thinking of getting: More high-tech panels are more highly priced, so that will affect your budget for your solar project.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Plus, you can save about $14,000 over 20 years on your utility bills, without incentives.
• Your household's power bills: With high monthly power bills in Hamilton, you could save about $700 a year with solar.

So is installing solar panels worth it? Whether you want to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Hamilton homeowners.

Solar Incentives in Hamilton

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over several years because of reduced power bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially use the ITC with other local incentives. For comprehensive information about incentives for homeowners in Hamilton, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Hamilton

If you want to add solar panels to your home, one of the major reasons why may be to reduce your reliance on nonrenewable energy. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hamilton, though. In a city like Hamilton where commute times can be pretty long, going solar can help help reduce the carbon footprint of driving. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 60 pounds each year. The perks of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with committing to solar.