15 Best Solar Companies in Westampton, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Westampton

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to install your system. There are a few factors you should take into consideration when determining costs and your potential savings, including:

• How much you spend on energy: If your local power rates are high, there's a better chance you'll have a higher return on your investment in solar panels. In Westampton, you can save an average of $60 a month on your electricity bills.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• average energy usage: The more energy your household uses on average and the larger your current energy bills are, the more benefits you'll see from making the switch to solar.
• The type of solar panels you're planning on getting: More efficient models have higher prices, so that will influence your budget for your solar project.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the angle of your roof and your local electricity rates.

Solar Incentives in Westampton

One of the great things about installing a solar panel system is receiving incentives from the government. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. For more information about incentives for homeowners in Westampton, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Westampton

One reason so many consider installing solar panels is to help lower their environmental impact. But you may be wondering — how much exactly can you help the environment by using solar power? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 60 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.