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

The Cost and Benefits of Solar in New Hanover

We know that for lots of homeowners, the choice to invest in solar comes down to installation costs. A few important factors that affect the cost of installing solar panels on your home and how much money you could save over time are:

• Electricity consumption: The average household in New Hanover doesn't use much energy, and consequently may not see as many savings on their power bills.
• The type of solar panel system you can buy: This hinges on how much you're willing to spend upfront.
• The cost of energy for you: If your local utility rates are high, there's a better chance you'll end up with a higher return on your investment in solar panels. In New Hanover, you can save an average of $55 a month on your electricity bills.
• 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 taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, such as the size of your house and your local electricity rates.

Solar Incentives in New Hanover

Although solar power is typically a big investment, it can save you a lot of money in the long term due to reduced power bills and government incentives. In addition to the federal tax credit incentive, there are also some local incentives, which in most cases, can be claimed in addition to 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 New Hanover

There are a few main reasons why homeowners are interested in solar energy: to help their wallet and the environment. You may be wondering — how much does going solar do for the planet anyway? In a city like New Hanover where commute times can be long sometimes, using solar power can help help reduce the carbon footprint of being on the road a lot. In New Hanover, the average resident can lower their carbon footprint by 60 pounds a year after going solar. The good things about solar power are plentiful — just like solar power is! That's why so many New Hanover residents have been happy with using solar energy.