17 Best Solar Companies in Middletown, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Middletown

While solar panels can help save you money on utility bills over time, it's necessary to consider the startup costs. There are quite a few factors you should take into consideration when determining the overall cost and how much you can save, including:

• How much energy costs for you: The typical household in Middletown pays around $650 a year on electricity alone, so you could end up with that much in savings.
• The make and model of solar panels you want: Some cost more, so that will determine your budget for your solar project.
• Average daily sunlight: Since Middletown gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences 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 total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $14,000 over 20 years with your solar panels, too.

Although a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Middletown

Switching to solar power has lots of great benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially use the ITC with other state and city incentives. For detailed information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Middletown

One of the best reasons to adopt solar power is to minimize your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. But you may be wondering — how much exactly can you help the environment by going solar? Something that can severely 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 decrease your carbon dioxide emissions by charging your car at home. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, 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 perks apart from saving money. One of the primary ones is that you can help save the environment too.