18 Best Solar Companies in South Toms River, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in South Toms River

When deciding on a solar company, most homeowners or business owners care about the costs the most. Some main factors that influence the cost of installing solar panels on your home and how much money you could save over time include:

• Your income and budget: This shapes what model of solar panels you can get.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• How much electricity your household consumes: Homes that use lots of energy each month may require more solar panels and, therefore, more upfront cost, but will also save more on their energy bills over time.
• Where your home is: This influences how much sunlight your roof gets, which helps determine how many panels you need.

There are several good benefits of solar despite the initial cost of installation. It can help the planet and your wallet. In addition, it can boost the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in South Toms River

In order to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar more financially viable and accessible. On top of the federal tax credit incentive, there are also some state- and city-level incentives, which in the majority of cases, can be claimed in addition to the federal incentive, so you get to save even more. For detailed information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in South Toms River

Installing solar panels can have a beneficial impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in South Toms River, though. Something that can severely shape your carbon footprint is how long your commute is and how much you drive in general. If you go solar and drive an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. Once you go solar, your carbon footprint can be cut by about 60 pounds each year. As you can see, using solar power has so many other rewards besides saving money. One of the main ones is that you can help save the planet too.