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

The Cost and Benefits of Solar in Raritan

The cost of installing solar panels has gone down greatly over the past several years, but it's still a substantial investment for most homeowners. There are a few factors you should consider when determining how much it will cost and how much you can save, including:

• How much energy you use: If your household uses a lot of energy, you'll see more savings from switching to solar.
• Average daily sunlight: Since Raritan gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your electricity bills will be.
• 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 can help you save even more. Excluding incentives, you can save an average of $13,000 over 20 years with your system, too.
• Your income and budget: This affects what model of solar panels you can afford.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and incentives.

Solar Incentives in Raritan

Since solar power is better for the environment than burning fossil fuels, there are quite a few government incentives in place to encourage its adoption. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city incentives. The table below lets you know about the incentives you can take advantage of in Raritan.

Environmental Impact of Switching to Solar in Raritan

Many want to do what they can to help protect the environment, which in many cases is the primary motivation to install a solar system. But you may be curious — how much exactly can you help the planet by making the switch to solar? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In Raritan, the average household can lower their carbon footprint by 50 pounds a year after going solar. If you want to do what you can for the environment, you'll most likely get that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.