13 Best Solar Companies in Little Silver, NJ (2023 Reviews)

The Cost and Benefits of Solar in Little Silver

When choosing a solar company, most homeowners or business owners wonder about the costs above all. The overall price and potential savings vary depending on some key factors such as:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Plus, you can save about $14,000 over 20 years on your utility bills, not including incentives.
• Your current electricity bills: Solar panels can noticeably reduce, or completely eradicate, your utility bills. In Little Silver, you can save an average of $54 a month.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Little Silver

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. These incentives usually consist of cash rebates, tax benefits and/or performance-based incentives. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% depending on your location. Take a look at our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Little Silver

Switching to solar energy can have a beneficial effect on the environment. But you may be curious — how much exactly can you help the environment by using solar power? The more energy your family uses, the better off the planet will be if you switch to solar since you won't have to burn as many fossil fuels. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. As you can see, going solar has so many other benefits beyond saving money. One of the primary ones is that you can help save the environment too.