14 Best Solar Companies in Lawrenceville, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Lawrenceville

When choosing a solar company, most homeowners or business owners care about the costs above all. There are a few factors you should consider when trying to figure out how much it will cost and how much you can save, including:

• Your energy consumption: If your family regularly uses a lot of energy, you'll reap more rewards from installing solar panels.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• How much energy costs for you: The typical household in Lawrenceville shells out around $710 a year on energy alone, so you could end up with that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 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. Not including incentives, you can save an average of $14,000 over 20 years with your system, too.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the angle of your roof and your current power bills.

Solar Incentives in Lawrenceville

Adopting solar power has plenty of great benefits. Not only can it help protect the Earth, but you can also save some money on your installation with various government incentives. In addition to the federal solar investment tax credit, there are also some state- and city-level programs, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. Our article on solar incentives goes over more information on the incentives you can benefit from in Lawrenceville.

Environmental Impact of Switching to Solar in Lawrenceville

There are many reasons to trade traditional energy for solar energy, like saving on electricity bills and helping to reduce your carbon footprint. But how much can switching to solar actually help the environment? Something that can drastically influence your carbon footprint is your commute time and how much you drive generally. If you go solar and have an electric car, you can greatly cut back on your carbon dioxide emissions by charging your car at home. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. Since solar energy is renewable and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help the planet.