11 Best Solar Companies in Middlesex, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Middlesex

Even though solar panels can save you a decent chunk of change on utility bills over time, it's necessary to consider the startup costs. Some key things that impact how much it will cost and how much you could save include:

• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your home's power bills: With high monthly electricity bills in Middlesex, you could save about $710 a year with solar.
• Average daily sunlight: Since Middlesex 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 you can save on your energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $14,000 over the first 20 years with your solar system, too.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Middlesex

To increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city incentives. Check out our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Middlesex

There are lots of reasons to make the switch to solar power, like saving some money on utility bills and helping to reduce your carbon footprint. You may be trying to figure out — how much does going solar help the planet anyway? Something that can dramatically shape your carbon footprint is your commute time and how much you drive altogether. If you go solar and have an electric car, you can significantly reduce your carbon dioxide emissions by charging your car at home. When you go solar, your carbon footprint can be lowered by about 60 pounds a year. As you can see, trading traditional energy for solar has so many other rewards beyond saving money. One of the main ones is that you can help save the environment too.