15 Best Solar Companies in Little Egg Harbor, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Little Egg Harbor

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to set up your panels. The cost of solar and the savings it generates vary depending on a few key factors such as:

• 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 local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $17,000 over the first 20 years with your system, too.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on power bills than a roof that gets a lot of sunlight.
• Your income and budget: This affects what type of solar panels you can buy.
• Your energy bills: This will dictate your savings. In Little Egg Harbor, the average homeowner can save about $800 a year on their electricity bills.

So is a solar panel system worth it? Whether you're trying to lower your energy bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Little Egg Harbor homeowners.

Solar Incentives in Little Egg Harbor

If you're considering making the switch to solar power, various government incentives and state programs can immensely bring down your project costs and speed up the return on your investment. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there may often be some local incentives that you can use to further cut back on the cost of solar of solar panels. Our article on solar incentives goes over more in-depth information on the incentives you can find in Little Egg Harbor.

Environmental Impact of Switching to Solar in Little Egg Harbor

One of the best reasons to tap into solar power is to decrease your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. You may be curious — how much does making the switch help the planet anyway? One thing that can drastically affect your carbon footprint is your commute time and how much you drive generally. If you switch to solar power and have an electric car, you can significantly reduce your carbon dioxide emissions by charging your car at home. In Little Egg Harbor, the average resident can reduce their carbon footprint by 60 pounds a year after going solar. As you can see, going solar has so many other benefits besides saving money. One of the major ones is that you can help save the planet too.