13 Best Solar Companies in Spotswood, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Spotswood

The cost of installing a solar panel system has gone down greatly in the past few years, but it's still a substantial investment for most homeowners. Some significant things that affect the upfront cost and potential savings over time include:

• 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. Not including incentives, you can save an average of $14,000 over 20 years with your solar panels, too.
• The cost of energy for you: If your local energy rates are high, there's a good chance you'll get a higher return on your investment in solar panels. In Spotswood, you can save an average of $57 a month on your electricity bills.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more 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 city: This influences how much sunlight your roof gets, which helps determine how many panels you need.

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

Solar Incentives in Spotswood

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a lot of money over several years due to reduced utility bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly use the ITC with other state and city rebates and benefits. Our article on solar incentives goes over more detailed information on the incentives you can find in Spotswood.

Environmental Impact of Switching to Solar in Spotswood

One reason so many people consider going solar is to help bring down their environmental impact. A question many homeowners might be wondering about is how much can they really help the environment by going solar anyway? A key thing to be mindful of is your overall carbon footprint. For example, if your commute is very long, your footprint may be greater, so adopting solar energy for your house can help offset that. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 60 pounds each year. Since solar power is renewable and produces electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help protect the environment.