14 Best Solar Companies in Twin Rivers, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in Twin Rivers

For the majority of homeowners, whether or not to invest in a solar energy system comes down to the cost. There are several factors you should consider when trying to figure out the overall cost and how much you can save, such as:

• How much you spend on energy: The average family in Twin Rivers shells out around $680 a year on electricity alone, so you could be looking at that much in savings.
• Electricity consumption: The average home in Twin Rivers doesn't use much energy, and as a result may not see as many savings on their power bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $14,000 over the first 20 years with your solar panels, too.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.

Though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Twin Rivers

One of the good things about installing a solar panel system is receiving incentives from the government. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly pair the ITC with other state and city rebates and benefits. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Twin Rivers

If you're thinking of adding solar panels to your home, one of the major reasons why may be to lower your reliance on nonrenewable energy. You may be asking yourself — how much do solar panels do for the environment anyway? The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and powering their home, it can be overwhelming to think about what to do. Using solar power is a simple thing you can do to help. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.