16 Best Solar Companies in Medford Lakes, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Medford Lakes

For many readers, the decision of which solar company to go with depends on costs. The cost and possible savings vary depending on some key factors such as:

• The kind of solar panel system you can buy: This hinges on your income and budget.
• Your energy consumption: If your family uses a lot of energy, you'll see more savings from going solar.
• Your household's power bills: Based on the high monthly energy bills in Medford Lakes, you could save about $810 a year with solar.
• 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.

There are many great benefits of solar despite the initial cost of installation. It can help the environment and your bank account. Plus, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Medford Lakes

Although a solar power system is typically a big investment, it can save you much money over time due to reduced power bills and government incentives. These incentives mostly take the form of cash rebates, tax credits and/or solar renewable energy credits. They can cut the cost of installing solar panels by 30%, upwards of 50% in some cases. Our article on solar incentives has more information on the incentives you can find in Medford Lakes.

Environmental Impact of Switching to Solar in Medford Lakes

Making the switch to solar power is a good way to do what you can for a cleaner and more sustainable future. Something many homeowners might be wondering about is how much can they really help the environment by going solar anyway? A key thing to consider is your overall carbon footprint. For example, if you have a long commute, your footprint may be greater, so switching to solar energy for your house can help offset that. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. As you can see, trading traditional energy for solar has so many other rewards beyond saving money. One of the most important ones is that you can help save the environment too.