17 Best Solar Companies in Matawan, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Matawan

For lots of homeowners, whether or not to invest in a solar energy system depends the most on the cost. The overall price and potential savings vary depending on a few important factors such as:

• Incentives: Those who purchase and install a solar energy system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your energy bills over 20 years not including incentives.
• The type of solar panel system you can buy: This depends on what your budget is.
• Electricity consumption: The average household in Matawan doesn't use much energy, and therefore may not see as many savings on their power bills.
• The cost of electricity in your area: If your local electricity rates are high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Matawan, you can save an average of $54 a month on your electricity bills.

So is installing solar panels worth it? Whether you're trying to reduce your energy bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Matawan homeowners.

Solar Incentives in Matawan

Since solar power is better for the environment than burning fossil fuels, there are various government incentives in place to encourage people to make the switch. On top of the federal solar investment tax credit, there are also some state- and city-level incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you get to save even more. Take a look at our article on solar incentives to see what incentives are available to you.

Environmental Impact of Switching to Solar in Matawan

One of the most compelling reasons to switch to solar power is to reduce your dependence on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. Something many people might be wondering about is how much can they really help the environment by going solar anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you install solar panels, 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 perks beyond saving money. One of the major ones is that you can help save the planet too.