17 Best Solar Companies in Laurence Harbor, NJ (Jul 2022 Review)

The Cost and Benefits of Solar in Laurence Harbor

The cost of putting up solar panels has dropped greatly over the past few years, but it's still a large investment for most homeowners. A few key factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time are:

• How much energy your household consumes: Homes that use plenty of energy each month may require more solar panels and, consequently, be more expensive, but will also enjoy more savings over time.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 26% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• How much you spend on energy: If your local power rates are high, there's a better chance you'll have a higher return on your investment in solar panels. In Laurence Harbor, you can save an average of $54 a month on your electricity bills.
• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panel system won't be able to generate as much energy, which will leave you with lower savings on power bills than someone with a roof that gets lots of sunlight.

Solar is a valuable investment for most homeowners. You can make your own power instead of paying for it from the grid and make use of solar tax credits and rebates, all while helping the Earth.

Solar Incentives in Laurence Harbor

Although solar power is typically a large investment, it can save you a substantial amount of money over time due to reduced energy bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 26% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. For detailed information about incentives for homeowners in Laurence Harbor, see the table below.

Environmental Impact of Switching to Solar in Laurence Harbor

Installing solar panels can have a positive impact on the environment. Something many homeowners might be asking themselves is how much can they really help preserve the environment by going solar anyway? A key thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be larger, so switching to solar power for your house can help offset that. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Laurence Harbor, you can reduce your carbon footprint by 60 pounds a year with solar panels. Since solar power is abundant and produces electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help protect the environment.