14 Best Solar Companies in Montgomery, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Montgomery

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to install your system. There are a few factors you should consider when trying to figure out how much it will cost and how much you can save, including:

• Your home's orientation toward the sun: This, along with the configuration of your roof, affects affect how much energy your solar panels can produce.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Typical energy usage: The more electricity your household uses on average and the greater your current electricity bills are, the more likely you'll benefit from going solar.
• The kind of solar panels you're planning on getting: Higher-efficiency panels cost more, so that will shape your budget for your solar project.

Due to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Montgomery

If you're considering making the switch to solar power, a variety of government incentives and subsidies can greatly lower the installation costs and speed up the return on your investment. These incentives typically include cash rebates, tax breaks and/or performance-based incentives. They can reduce how much you end up spending on going solar by 26 to 50% in some cases. In the table below, you can read about the incentives you qualify for in Montgomery.

Environmental Impact of Switching to Solar in Montgomery

Installing solar panels is a good way to do your part for a more environmentally-friendly future. But you may be curious — how much exactly can you help the environment by going solar? One thing that can drastically affect your carbon footprint is how long your commute is and how much you drive altogether. If you install solar panels and have an electric car, you can greatly decrease your carbon dioxide emissions by charging your car at home. Once you go solar, your carbon footprint can be lowered by about 60 pounds each year. As you can see, investing in solar has so many other rewards apart from saving money. One of the main ones is that you can help save the environment too.