15 Best Solar Companies in Waterford, NJ (2023 Reviews)

The Cost and Benefits of Solar in Waterford

For many homeowners, whether or not to invest in solar energy boils down to the cost. Some main factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time include:

• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can generate an average of $19,000 of savings over 20 years.
• Your energy bills: This will influence your savings. In Waterford, the average homeowner can save about $910 a year on their electricity bills.
• Energy consumption: Installing a solar system may be too steep of an investment for households that don't need a good amount of energy a month.

Solar is a rewarding investment for most homeowners. You can produce your own energy instead of paying for it from a utility company and benefit from solar incentives and rebates, all while helping protect the environment.

Solar Incentives in Waterford

There are several reasons why adopting solar power is beneficial. One of them includes some government incentives you can take advantage of. There are quite a few federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money back after buying solar panels. In our article on solar incentives, you can find out about the incentives you qualify for in Waterford.

Environmental Impact of Switching to Solar in Waterford

Swapping traditional energy for solar is a powerful way to do your part for a cleaner and more sustainable future. Something many homeowners might be wondering about is how much can they really help preserve the environment by switching to solar power anyway? Everyone can help save the planet by switching to solar energy, but homes that consume lots of energy will have a bigger impact. If you go solar, your carbon dioxide emissions can be lowered by about 60 pounds every year. If you care about the environment, you'll no doubt understand that there are many good things about adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.