12 Best Solar Companies in Somerville, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Somerville

We know that for most homeowners, the choice to invest in solar depends on installation costs. Some significant things that impact the upfront cost and potential savings over time include:

• The cost of energy for you: If your local electricity rates are high, there's a better chance you'll see a higher return on your investment in solar panels. In Somerville, you can save an average of $57 a month on your electricity bills.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your electricity bills over 20 years not including incentives.
• Electricity consumption: The average household in Somerville doesn't use much energy, and consequently may not see as many savings on their power bills.
• Your income and budget: This determines what kind of solar panels you can get.

There are lots of wonderful benefits of solar even with the upfront cost of installation. It can help the environment and your bank account. Plus, it can boost the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Somerville

Although installing solar panels is typically a big investment, it can save you a significant amount of money in the long term because of lower energy bills and government incentives. When you install solar panels on your home, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can benefit from to further save. Our article on solar incentives has more information on the incentives you can benefit from in Somerville.

Environmental Impact of Switching to Solar in Somerville

One of the most compelling reasons to use solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. Something many homeowners might be thinking about is how much can they really help protect the environment by switching to solar power anyway? In a city like Somerville where energy use is somewhat high, going solar is a great plan for households who are worried about the state of the planet. Even though making solar panels releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Somerville, you can reduce your carbon footprint by 60 pounds a year with solar panels. If you want to do your part for the environment, you'll most likely recognize that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.