17 Best Solar Companies in Port Reading, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in Port Reading

When deciding on a solar company, most homeowners or business owners think about the costs above all. Some main factors that determine the cost of installing solar panels on your home and how much it could save you over time are:

• Your current electricity bills: Solar panels can greatly reduce, or entirely eliminate, your utility bills. In Port Reading, you can save an average of $60 a month.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• How much energy you use: If your household uses a lot of energy, you'll benefit more from installing solar panels.
• Incentives: Those who purchase and install a solar energy system this year can save 26% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your energy bills over 20 years excluding incentives.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, like the amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Port Reading

There are several reasons why going solar is a great investment. One of them involves some government incentives that can help save you some money. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 26% of the cost of your solar panels. Plus, there are often some state and city incentives that you can use to further save. Check out the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Port Reading

There are many reasons to trade traditional energy for solar power, like saving some money on utility bills and helping to lower your carbon footprint. But how much can using solar energy instead of traditional energy actually help the environment? One thing you should consider is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. If you want to do what you can for the environment, you'll most likely understand that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.