17 Best Solar Companies in New Hanover, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in New Hanover

We know that for many homeowners, the choice to invest in solar rests on installation costs. Some significant things that determine the upfront cost and potential savings over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% 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 system, too.
• How much power your household needs: If your household uses a lot of energy, you'll see more savings from going solar.
• Your home's orientation toward the sun: This, and your roof configuration, affects affect how much energy your solar panels can make.
• How much you spend on energy: The average household in New Hanover spends around $660 a year on energy use alone, so you could end up with that much in savings.

Solar is a fruitful investment for most homeowners. You can generate your own power instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping preserve the planet.

Solar Incentives in New Hanover

If you're considering making the switch to solar energy, various government incentives and subsidies can dramatically reduce the installation costs and expedite the return on your investment. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. The table below shows you the incentives you can find in New Hanover.

Environmental Impact of Switching to Solar in New Hanover

Going solar can have a beneficial effect on the environment. But how much can using solar energy instead of traditional energy actually affect the environment? Going solar is a great choice for the environment, due to the fact that the largest source of greenhouse gas emissions in the U.S. is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. After you go solar, your carbon dioxide emissions can be cut by about 60 pounds each year. As you can see, going solar has so many other benefits beyond saving money. One of the major ones is that you can help save the Earth too.