15 Best Solar Companies in Keyport, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Keyport

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to 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:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $14,000 over 20 years with your system, too.
• Energy consumption: Solar may be too steep of an option for families that don't use a lot of energy per month.
• Your income and budget: This shapes what model of solar panels you can get.
• Your energy bills: This will dictate how much you can save. In Keyport, the average resident can save about $650 a year on their electricity bills.

Due to solar panels decreasing in cost as well as various solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Keyport

Switching to solar power has lots of considerable benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. In addition to the federal tax credit incentive, there are also some state- and city-level programs, which in almost all cases, can be claimed in addition to the federal incentive, so you get to save even more. Check out our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Keyport

One reason so many consider installing solar panels is to help bring down their environmental impact. But you may be curious — how much exactly can you help the environment by going solar? The average person has a considerable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions each year, and energy for their home, it can be overwhelming to think about what to do. Installing solar panels is a simple thing you can do to help. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. Since solar energy is renewable and generates electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help the environment.