11 Best Solar Companies in Marlboro, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Marlboro

For the majority of homeowners, whether or not to invest in a solar energy system boils down to the cost. The cost and possible savings vary depending on a few important factors such as:

• The model of solar panels you have the money for: This depends on how much you're willing to invest upfront.
• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to generate as much energy, which will leave you with lower savings on power bills than someone with a roof that gets lots of sunlight.
• Typical energy usage: The more electricity your home uses on average and the steeper your current electricity bills are, the more benefits you'll see from making the switch to solar.
• 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 benefit from. Additionally, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.

Even though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your current power bills.

Solar Incentives in Marlboro

Because solar power is a cleaner source of energy than traditional energy sources, there are several government incentives available to encourage its adoption. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city incentives. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Marlboro

Replacing nonrenewable energy with solar power is a powerful way to do your part for a more environmentally-friendly future. But — how much exactly can you help by making the switch to solar? As reported by the EPA, electricity generation is the second largest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Using solar power can help bring down that number in a city like Marlboro that accounts for a fair amount of carbon dioxide emissions each year. In Marlboro, the average resident can lower their carbon footprint by 60 pounds a year once they go solar. As you can see, going solar has so many other rewards beyond saving money. One of the primary ones is that you can help save the environment too.