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

The Cost and Benefits of Solar in Hightstown

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to install your system. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Average daily sunlight: Since Hightstown gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much you can save on your energy bills.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your power bills, which can result in an average of $14,000 of savings over 20 years.
• Your power bills: This will dictate your savings. In Hightstown, the average resident can save about $680 a year on their electricity bills.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Hightstown

One of the great things about installing a solar panel system is receiving incentives from the government. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly use the ITC with other state and city incentives. Check out the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Hightstown

If you want to add solar panels to your home, one of the major reasons why may be to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hightstown, though. The average person has a rather large carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to figure out what to do. Installing solar panels is a simple thing you can do to help. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 60 pounds each year. If you care about the environment, you'll most likely get that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.