11 Best Solar Companies in Holland, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Holland

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to set up your system. The cost and possible savings vary depending on a few important factors such as:

• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $13,000 over 20 years with your solar system, too.
• Your power bills: This will affect how much money you might save. In Holland, the average resident can save about $650 a year on their electricity bills.
• Energy consumption: Installing a solar system may be too steep of an option for households that don't use a lot of energy each month.

Even 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 several factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Holland

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. 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 potentially use the ITC with other state and city incentives. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Holland

Lots of people want to do what they can to help save the environment, which for many is the main motivation to install a solar system. But you may be wondering — how much exactly can you help the environment by making the switch to solar? Something that can dramatically shape your carbon footprint is your commute time and how much you drive overall. If you install solar panels and have an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 50 pounds each year. Since energy from the sun is abundant and produces electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help protect the environment.