11 Best Solar Companies in Wantage, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Wantage

While solar panels can help save you money on utility bills over time, it's necessary to take into consideration the upfront costs. Some significant things that impact the cost and possible savings include:

• Typical energy usage: The more electricity your home consumes on average and the greater your current electricity bills are, the more likely you'll benefit from switching to solar.
• The type of solar panel system you have the money for: This hinges on what your budget is.
• How much you spend on energy: The typical family in Wantage pays around $730 a year on energy alone, so you could be looking at that much in savings.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. In addition, you can save about $14,000 over 20 years on your utility bills, not including incentives.

So are solar panels worth it? Whether you're trying to reduce your electric bills, carbon dioxide emissions or both, solar panels are a good investment for many Wantage homeowners.

Solar Incentives in Wantage

If you're considering switching to solar power, a number of government incentives and tax credits can dramatically reduce the cost of the project and speed up the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Wantage

One of the most compelling reasons to use solar energy is to minimize your dependence on traditional energy sources like burning fossil fuels, which are destructive for the environment. But you may be wondering — how much exactly can you help the environment by going solar? A significant thing to think about is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be bigger, so switching to solar energy for your home can help offset that. After you go solar, your carbon dioxide emissions can be reduced by about 50 pounds every year. Since solar power is abundant and makes electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help protect the environment.