17 Best Solar Companies in Ramtown, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Ramtown

Although solar panels can help save you money on electricity bills over time, it's necessary to know the upfront costs. The cost of solar and the savings it generates vary depending on some important factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $14,000 over 20 years with your solar system, too.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panels won't be able to produce as much energy, which will give you lower savings on energy bills than a roof that gets a lot of sunlight.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Your current energy bills: Solar panels can substantially reduce, or completely eliminate, your utility bills. In Ramtown, you can save an average of $54 a month.

Thanks to solar panels now being cheaper than ever as well as several solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Ramtown

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economical and accessible. When you install a solar panel system on your house, you can 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. In addition, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. For comprehensive information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Ramtown

Swapping traditional energy for solar is a profound way to do your part for a cleaner and more sustainable future. You may be trying to figure out — how much does going solar help the planet anyway? In a city like Ramtown where commute times can be very long, using solar power can help help reduce the carbon footprint of driving a lot. When you go solar, your carbon footprint can be reduced by about 60 pounds a year. Since energy from the sun is plentiful and generates electricity without a carbon footprint, installing solar panels is one easy step you can take to help protect the environment.