15 Best Solar Companies in Holmdel, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Holmdel

For many readers, the decision of which solar installer to go with depends on costs. The cost of solar and the savings it generates vary depending on some important factors such as:

• Average daily sunlight: Since Holmdel 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.
• How much you spend on energy: The average household in Holmdel spends around $650 a year on power alone, so you could end up with that much in savings.
• The kind of solar panel system you can purchase: This hinges on your income and budget.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.

Solar is a worthwhile investment for most homeowners. You can make your own power instead of paying for it from the grid and take advantage of solar incentives, all while helping the environment.

Solar Incentives in Holmdel

Since solar power is better for the environment than burning fossil fuels, there are a number of government incentives available to encourage people to make the switch. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city rebates and benefits. The table below gives you an idea of the incentives you can take advantage of in Holmdel.

Environmental Impact of Switching to Solar in Holmdel

If you're planning on adding solar panels to your home, one of the primary reasons why may be to lower your greenhouse gas emissions. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Holmdel, though. In a city like Holmdel where commute times can be very long, installing solar panels can help help reduce the carbon footprint of driving a lot. When you go solar, your carbon dioxide emissions can be lowered by about 60 pounds every year. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.