15 Best Solar Companies in Lincroft, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Lincroft

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

• Your income and budget: This guides what kind of solar panels you can afford.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Average daily sunlight: Since Lincroft gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your electricity bills will be.
• Your household's power bills: Because of high monthly electric bills in Lincroft, you could save about $650 a year with solar.

Although a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, such as the angle of your roof and your current power bills.

Solar Incentives in Lincroft

Adopting solar power has lots of wonderful benefits. Not only can it help preserve the environment, but you can also save a good amount of money on your installation with various government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other local incentives. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Lincroft

If you're considering adding solar panels to your home, one of the primary reasons why may be to reduce your greenhouse gas emissions. But how much can switching to solar actually affect the environment? In Lincroft, where the energy generation could be cleaner, going solar can have a significant impact on the planet since solar power has a lower carbon footprint. In Lincroft, the average household can lower their carbon footprint by 60 pounds a year once they go solar. As you can see, using solar power has so many other perks beyond saving money. One of the primary ones is that you can help save the planet too.