17 Best Solar Companies in Matawan, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Matawan

Solar panels are powered by a free energy source — the sun — but to take advantage of this you must first pay to install your system. There are several factors you should consider when trying to determine costs and your potential savings, such as:

• How much you spend on energy: The typical family in Matawan pays around $650 a year on electricity alone, so you could be looking at that much in savings.
• Your city: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total 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 $14,000 over 20 years with your solar system, too.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

Due to solar panels now being cheaper than ever as well as several solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Matawan

Switching to solar power has lots of considerable benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other local incentives. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Matawan

An important reason so many people are considering adopting solar energy is to help reduce their environmental impact. But — how much exactly can you help by using solar power? The average person has a substantial carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to think about what to do. Switching to solar is one of the easiest things you can do to help. While solar panel production emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Matawan, you can reduce your carbon footprint by 60 pounds a year with solar panels. For people who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.