13 Best Solar Companies in Medford, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Medford

When picking a solar company, most homeowners or business owners wonder about the costs the most. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The model of solar panels you want to get: More efficient models cost more, so that will affect your budget for your solar project.
• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on electricity bills than a house with a roof that gets a lot of sunlight.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Typical energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more likely you'll benefit from switching to solar.

Though a solar panel system costs a decent 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 angle of your roof and incentives.

Solar Incentives in Medford

Since solar power is better for the environment than burning fossil fuels, there are several government incentives in place to encourage people to make the switch. When you install a solar panel system on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can benefit from to further save. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Medford

There are a few big reasons why homeowners are considering solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Medford, though. Switching to renewable energy for electricity in place of relying on nonrenewable energy sources is a good way to lower carbon dioxide emissions if you're worried about Medford's fair level of greenhouse gas emissions. In Medford, the average person can lower their carbon footprint by 60 pounds a year after going solar. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.