16 Best Solar Companies in Washington, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Washington

For most homeowners, whether or not to invest in solar panels comes down to the cost. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your power bills, which can generate an average of $17,000 of savings over 20 years.
• Whether or not your roof gets a lot of direct sunlight: This, plus your roof configuration, affects affect how much electricity your solar panels can make.
• Your energy bills: This will influence how much you can save. In Washington, the average homeowner can save about $840 a year on their electricity bills.
• Your income and budget: This determines what model of solar panels you can buy.

So is buying solar panels worth it? Whether you'd like to decrease your electricity costs, carbon emissions or both, solar panels are a worthwhile investment for many Washington homeowners.

Solar Incentives in Washington

If you're planning on switching to solar power, various government incentives and tax credits can immensely bring down the installation costs and expedite the return on your investment. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. The table below lists out the incentives you can benefit from in Washington.

Environmental Impact of Switching to Solar in Washington

Lots of people want to do their part to help protect the environment, which in many cases is the primary motivation to install solar panels. But you may be curious — how much exactly can you help by making the switch to solar? In Washington, where the energy generation could be cleaner, going solar can have a big effect on the environment since solar power is a renewable source of energy. After you go solar, your carbon footprint can be cut by about 60 pounds every year. As you can see, trading traditional energy for solar has so many other rewards besides saving money. One of the main ones is that you can help save the environment too.