13 Best Solar Companies in New Brunswick, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in New Brunswick

We understand that for most homeowners, the choice to invest in solar highly depends on installation costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• Typical energy usage: The more energy your home consumes on average and the higher your current energy bills are, the more benefits you'll see from going solar.
• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $14,000 on your utility bills over 20 years not including incentives.
• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• The amount of sunlight your house gets: Because of New Brunswick's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in New Brunswick

If you're thinking about switching to solar energy, various government incentives and tax credits can dramatically bring down your project costs and speed up the return on your investment. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. In the table below, you can see the incentives you qualify for in New Brunswick.

Environmental Impact of Switching to Solar in New Brunswick

One of the best reasons to adopt solar power is to minimize your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. But how much can using solar energy instead of traditional energy actually help the environment? Your energy usage is a key factor to consider. The more power you use, the larger your impact when you switch to solar energy. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 60 pounds each year. The great things about solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with committing to solar.