Is Solar Worth It In NJ?

Is solar worth it in NJ? This is a question that more and more homeowners are asking, especially as the cost of solar energy continues to drop.

In the following article, we will explore whether or not solar panels are worth it in New Jersey. We will look at the cost of installing solar panels in NJ, the amount of money you can save on your energy bills, and the environmental benefits of going solar.

By the end of this guide, you will have a good idea of whether or not installing solar panels is right for you!

Is solar worth it in NJ? This is a question that more and more homeowners are asking, especially as the cost of solar energy continues to drop.

In the following article, we will explore whether or not solar panels are worth it in New Jersey. We will look at the cost of installing solar panels in NJ, the amount of money you can save on your energy bills, and the environmental benefits of going solar. By the end of this guide, you will have a good idea of whether or not installing solar panels is right for you!

 

We offer free solar estimates!

Talk to our local advisors about your home.

The Cost of Installing Solar in NJ

The cost of solar panels has come down significantly in recent years, and it is now more affordable than ever to go solar.

In New Jersey, the average cost of installing a solar panel system is $16,000. However, this investment can be recouped over time through savings on your energy bills. On average, homeowners in New Jersey who have installed solar panels save $20 per month on their energy costs. This amounts to a total savings of $240 per year!

Financial & Energy Savings With Solar

The financial and energy savings you can achieve with solar are one of the main reasons why more and more homeowners are choosing to go solar.

In addition to the monthly savings on your energy bill, you can also sell back any unused electricity to your local utility company. This “net metering” program allows you to receive credit for the electricity you generate, which can help to offset the cost of installing solar panels.

Environmental Benefits

Green Field With Nature & Trees

Solar energy is also great for the environment. When you install solar panels, you are reducing your reliance on fossil fuels and helping to reduce greenhouse gas emissions. Solar energy is a renewable resource, so it does not produce harmful emissions like coal or natural gas.

How Much Energy Can You Generate?

The amount of energy you can generate with solar panels depends on the size and type of system you install. On average, a typical solar panel system in NJ will generate between 5000-6000 kWh per year. This is more than enough to meet the needs of most homeowners!

Do Solar Panels Ever Wear Out?

Another incentive to consider installing solar power systems is that they seldom wear out or cease functioning entirely. Solar panels don't have moving components, so there's no friction and no risk of evaporating liquids.

Solar panels, on the other hand, do lose efficiency over time as their wires and other parts degrade due to sun and air exposure, generally at a rate of 1% each year.

Although efficiency losses are common, they don't always signal the need to replace solar panels. If your solar panels are only generating 75% of the electricity they were previously, this may still be a substantial savings on your power bill. Once their system reaches 20, 25, or 30 years old, many solar panel owners will reconsider whether or not to invest in new ones.

How Do I Get Started?

Ok, so by now you've probably read all the amazing benefits of why it's worth it to get solar energy in NJ! You can contact EcoGen America to start saving with solar today!

See How much you could save by switching to solar

"*" indicates required fields

Why do we need this? Your address allows us to find electricity rates in your area as well as local programs and incentives that may be available to you. Your average electric bill helps us determine the size and potential savings on your system.

Are solar panels worth it in New Jersey?

On average, homeowners in New Jersey who have installed solar panels save $20 per month on their energy costs. This amounts to a total savings of $240 per year!

What's the cost of solar panels in New Jersey?

In NJ, the average cost of installing a solar panel system is $16,000. However, this investment can be recouped over time through savings on your energy bills, and by selling back any unused electricity to your local utility company.

You May Like: