17 Best Solar Companies in Mount Ephraim, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Mount Ephraim

Even though solar panels can save you a decent chunk of change on power bills over time, it's necessary to take into consideration the upfront costs. Some main factors that influence the cost of installing a solar panel system on your home and how much money you could save over time are:

• System size and type: Some models are more pricy than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $15,000 on your electricity bills over 20 years not including incentives.
• How much sunlight your roof gets: If your roof gets limited direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on electricity bills than a house with a roof that gets lots of sunlight.
• Electricity consumption: The average home in Mount Ephraim doesn't use much energy, and consequently may not see as many savings on their power bills.

There are many great benefits of solar even with the initial cost of installation. It can help the environment and your finances. Additionally, it can boost the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Mount Ephraim

Because solar power is better for the environment than traditional energy sources, there are several government incentives available to encourage people to make the switch. On top of the federal tax credit incentive, there are also some state- and city-level benefits, which in the majority of cases, stack with the federal incentive, so you get to save even more. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Mount Ephraim

There are a few big reasons why people are considering solar energy: to help their wallet and the environment. Something many people might be asking themselves is how much can they really help the environment by switching to solar power anyway? How much energy you use is an important factor to think about. The more power you use, the larger your impact when you switch to solar energy. In fact, if you adopt solar power, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. If you want to do what you can for the environment, you'll most likely understand that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.