13 Best Solar Companies in Ramblewood, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Ramblewood

Although solar panels can save you a good amount of money on electricity bills over time, it's important to take into consideration the upfront costs. Some significant things that influence how much it will cost and how much you could save include:

• How much power your household consumes: Homes that need a lot of power each month may require more solar panels and, consequently, be more expensive, but will also benefit more over time.
• Choice of solar panels: The kind of solar panels you choose 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 go with a higher number of more affordable panels.
• How much energy costs for you: The typical family in Ramblewood pays around $710 a year on electricity alone, so you could be looking at that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% 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 $15,000 over 20 years with your solar system, too.

Solar is a fruitful investment for most homeowners. You can generate your own energy instead of paying for it from the grid and benefit from solar incentives, all while helping the environment.

Solar Incentives in Ramblewood

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over many years because of lower utility bills and government incentives. In addition to the federal tax credit incentive, there are also some state- and city-level programs, which in the majority of cases, stack with the federal incentive, so you get to save even more. Take a look at our article on solar incentives to see what incentives are available to you.

Environmental Impact of Switching to Solar in Ramblewood

One of the reasons so many consider installing solar panels is to help reduce their environmental impact. You may be asking yourself — how much do solar panels help the environment anyway? One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Even though solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Ramblewood, you can reduce your carbon footprint by 60 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other rewards apart from saving money. One of the main ones is that you can help save the Earth too.