11 Best Solar Companies in Plainsboro, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Plainsboro

When choosing a solar company, most homeowners or business owners think about the costs above all. Some key factors that affect the cost of installing a solar panel system on your home and how much it could save you over time include:

• Your income and budget: This guides what type of solar panels you can buy.
• Incentives: Tax-paying citizens who purchase 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 $14,000 on your energy bills over 20 years excluding incentives.
• How much electricity your home consumes: Households that need a lot of electricity each month may call for more solar panels and, therefore, be more costly, but will also enjoy more savings over time.
• How much you spend on energy: The average family in Plainsboro shells out around $700 a year on energy alone, so you could gain that much in savings.

There are many wonderful benefits of solar despite the initial cost of installation. It can help the Earth and your wallet. Additionally, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Plainsboro

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can take advantage of to further save. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Plainsboro

There are tons of reasons to switch to solar energy, like saving money on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Plainsboro, though. The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and electricity for their home, it can be overwhelming to figure out what to do. Using solar power is a simple thing you can do to help. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 60 pounds each year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.