17 Best Solar Companies in Wharton, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Wharton

Even though solar panels can help save you a good amount of money on electricity bills over time, it's necessary to take into consideration the startup costs. A few key factors that affect the cost of installing solar panels on your home and how much money you could save over time include:

• Your current energy bills: Solar panels can substantially reduce, or totally get rid of, your utility bills. In Wharton, you can save an average of $54 a month.
• Average daily sunlight: Since Wharton gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $13,000 over 20 years with your system, too.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

Although a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, including the size of your solar panel system and your current power bills.

Solar Incentives in Wharton

There are many reasons why adopting solar power is beneficial. One of them consists of some government incentives you can take advantage of. There are quite a few federal, state and local rebates and tax credits that can earn you anywhere from 30% to 50% of your money back after installing a solar panel system. Our article on solar incentives has more detailed information on the incentives you can find in Wharton.

Environmental Impact of Switching to Solar in Wharton

One of the best reasons to tap into solar power is to reduce your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Wharton, though. A significant thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be greater, so adopting solar energy for your home can help offset that. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 50 pounds each year. As you can see, trading traditional energy for solar has so many other benefits apart from saving money. One of the major ones is that you can help save the Earth too.