12 Best Solar Companies in Metuchen, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Metuchen

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to install your panels. Some key factors that influence the cost of installing solar panels on your home and how much it could save you over time include:

• Your location: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• The model of solar panel system you have the money for: This is dependent on what your budget is.
• average energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more money you could save by making the switch to solar.

Solar is a profitable investment for most homeowners. You can produce your own energy instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping the planet.

Solar Incentives in Metuchen

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. These incentives normally include cash rebates, tax benefits and/or solar renewable energy credits. They can lower how much you end up spending on going solar by 26 to 50% in some cases. The table below lets you know about the incentives you can take advantage of in Metuchen.

Environmental Impact of Switching to Solar in Metuchen

If you're thinking of adding solar panels to your home, one of the main reasons why may be to reduce your reliance on nonrenewable energy. But you may be wondering — how much exactly can you help the planet by making the switch to solar? Something that can drastically affect your carbon footprint is how long your commute is and how much you drive in general. If you switch to solar power and drive an electric car, you can vastly reduce your carbon dioxide emissions by charging your car at home. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.