14 Best Solar Companies in Mcguire Air Force Base, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in Mcguire Air Force Base

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to set up your panels. Some significant things that affect how much it will cost and how much you could save include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your state or 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.
• Your current electric bills: Solar panels can greatly decrease, or entirely get rid of, your utility bills. In Mcguire Air Force Base, you can save an average of $56 a month.
• How much power your home consumes: Households that consume plenty of energy each month may need more solar panels and, as a result, be more expensive, but will also benefit more over time.
• Average daily sunlight: Since Mcguire Air Force Base gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your electricity bills will be.

Although a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Mcguire Air Force Base

In an effort to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar power more affordable and accessible. When you install a solar panel system on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. In addition, there are often some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. The table below shows you the incentives you can benefit from in Mcguire Air Force Base.

Environmental Impact of Switching to Solar in Mcguire Air Force Base

One of the best reasons to tap into solar power is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. But how much can switching to solar actually help the environment? The average person has a considerable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions each year, and electricity for their home, it can be overwhelming to figure out what to do. Using solar power is a simple thing you can do to help. Once you go solar, your carbon emissions can be reduced by about 60 pounds each year. As you can see, using solar power has so many other rewards beyond saving money. One of the main ones is that you can help save the Earth too.