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

The Cost and Benefits of Solar in Lodi

For many people, the decision of which solar installer to go with depends on costs. A few key factors that determine the cost of installing a solar panel system on your home and how much it could save you over time include:

• Energy consumption: Installing a solar system may be too pricey an investment for homes that don't need a good amount of energy each month.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. Plus, you can save about $15,000 over 20 years on your utility bills, before factoring in incentives.
• Your income and budget: This guides what kind of solar panels you can afford.
• Average daily sunlight: Since Lodi gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your electricity bills will be.

Solar is a worthwhile investment for most homeowners. You can make your own electricity instead of paying for it from the grid and make use of solar incentives, all while helping the planet.

Solar Incentives in Lodi

Because solar power is better for the environment than traditional energy sources, there are various government incentives in place to encourage people to make the switch. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some state and city incentives that you can take advantage of to further save. In our article on solar incentives, you can find out about the incentives you qualify for in Lodi.

Environmental Impact of Switching to Solar in Lodi

There are a few big reasons why people are considering solar energy: for the good of their bank accounts and the planet. But how much can installing solar panels actually affect the environment? The average person has a substantial carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to figure out what to do. Going solar is a practical thing you can do to help. In Lodi, the average resident can lower their carbon footprint by 60 pounds a year after going solar. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.