12 Best Solar Companies in Merchantville, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Merchantville

For the majority of homeowners, whether or not you should invest in solar energy comes down to the cost. There are quite a few factors you should take into consideration when determining costs and your potential savings, including:

• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings 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.
• Average daily sunlight: Since Merchantville gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Your power bills: This will affect how much money you might save. In Merchantville, the average resident can save about $710 a year on their electricity bills.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. Plus, not including incentives, you can save about $15,000 over 20 years on your energy bills.

Thanks to solar panels now being cheaper than ever as well as various solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Merchantville

There are many good reasons why you should switch to solar. One of them involves some government incentives that can save you money. In addition to the federal tax credit incentive, there are also some local benefits, which in most cases, can be claimed in addition to the federal incentive, so you get to save even more. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Merchantville

Many want to do their part for the environment, which often is the chief reason they're interested in installing a solar system. Something many people might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? In a place like Merchantville where commute times can be pretty long, using solar power can help offset some of your carbon dioxide emissions from being on the road a lot. In Merchantville, the average resident can reduce their carbon footprint by 60 pounds a year once they go solar. Since solar energy is abundant and produces electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help preserve the environment.