17 Best Solar Companies in Pennsville, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Pennsville

Although solar panels can save you money on power bills over time, it's important to consider the upfront costs. Some significant things that affect how much it will cost and how much you could save include:

• How much power your household needs: If your family uses a lot of energy, you'll benefit more from going solar.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. In addition, you can save about $19,000 over 20 years on your utility bills, without incentives.
• The kind of solar panels you want to get: Higher-efficiency panels cost more, so that will determine your budget for your solar project.
• How much you spend on energy: The average household in Pennsville spends around $910 a year on electricity alone, so you could gain that much in savings.

Due to solar panels now being cheaper than ever as well as local and federal solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Pennsville

If you're considering switching to solar energy, several government incentives and state programs can dramatically reduce your project costs and speed up the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives you can benefit from too. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Pennsville

Switching to solar energy can have a positive impact on the environment. Something many homeowners might be thinking about is how much can they really help protect the environment by going solar anyway? Going solar is an impactful choice for the environment, due to the fact that the greatest 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. In Pennsville, the average homeowner can reduce their carbon footprint by 60 pounds a year after going solar. Since solar energy is renewable and generates electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help the environment.