13 Best Solar Companies in Runnemede, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Runnemede

Even though solar panels can save you a good amount of money on utility bills over time, it's important to consider the startup costs. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Your household's power bills: Because of high monthly electric bills in Runnemede, you could save about $710 a year with solar.
• Whether or not your roof gets a lot of direct sunlight: This, and how your roof is set up, affects affect how much electricity your solar panels can produce.

Thanks to solar panels decreasing in cost as well as several solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Runnemede

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you much money in the long term due to smaller energy bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other local incentives. The table below lists out the incentives you can find in Runnemede.

Environmental Impact of Switching to Solar in Runnemede

Installing solar panels is a profound way to do what you can for a cleaner and more sustainable future. A question many homeowners might have in mind is how much can they really help save the environment by switching to solar power anyway? One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In fact, if you make the switch to solar power, 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 likely find that there are many good things about adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.