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

The Cost and Benefits of Solar in Toms River

For lots of homeowners, whether or not you should invest in solar energy boils down to the cost. There are several factors you should consider when determining costs and your potential savings, such as:

• The type of solar panels you can buy: This depends on what your budget is.
• How much power your household needs: If your household uses a lot of energy, you'll reap more rewards from switching to solar.
• Average daily sunlight: Since Toms River gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects 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 total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $14,000 over 20 years with your system, too.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, including the size of your solar panel system and incentives.

Solar Incentives in Toms River

Although a solar power system is typically a large investment, it can save you a significant amount of money over the lifespan of your solar panels because of lower energy bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some local incentives that can save you some extra money too. Take a look at our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Toms River

Installing solar panels can have a meaningful impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Toms River, though. An important thing to think about is your overall carbon footprint. For example, if you have a long commute, your footprint may be greater, so switching to solar power for your home can help offset that. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. As you can see, using solar power has so many other perks apart from saving money. One of the main ones is that you can help save the planet too.