Is Solar Worth It in New Jersey? Discover the Benefits
Updated November 12, 2024 | 9 min read
Wondering if solar panels are worth it New Jersey? Look no further! In this article, we'll explore the exciting world of solar energy in the Garden State and answer the burning question: Are solar panels worth it in NJ?
See if solar panels are worth it near you with a free Solar Savings quote. You'll see how much your custom solar system could cost and how to reduce those costs by thousands with New Jersey solar incentives!
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Are Solar Panels Worth it in NJ?
New Jersey shines bright when it comes to solar energy. With its promising landscape and renewable energy initiatives, the state offers an ideal environment for solar power.
You'll be delighted to learn that the answer to are solar panels are worth it in NJ is a resounding YES! Solar panels are worth it in NJ! With the potential for 43% - 63% savings compared to traditional electricity bills, the positive environmental benefits, and the increase in property value, going solar is a wise choice for The Garden State.
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The Benefits of Solar in the Garden State
Switching to solar power in New Jersey brings a host of benefits that make it a worthwhile investment.
- Savings: On average, homeowners who switch to solar in NJ save between 43% - 63% savings on their monthly energy bills.
- Environmental Benefits: By generating clean energy from the sun, you not only reduce your reliance on fossil fuels but also contribute to a cleaner and greener environment.
- Increase in Property Value: Installing solar panels can significantly increase the value of your property. Studies have shown that homes with solar energy systems fetch higher prices in the real estate market. Not only do potential buyers appreciate the long-term savings on energy costs, but solar-powered homes are also seen as environmentally friendly and forward-thinking.
- Solar Incentives: In New Jersey, there's an additional perk—solar panels are exempt from property taxes, which means you can increase your property's value without incurring additional tax burdens. This exemption further enhances the financial benefits of going solar in the Garden State. See the complete list of New Jersey Solar Incentives here!
Solar power in New Jersey brings substantial savings, environmental benefits, and increased property value. By making the switch to solar, you can reduce your energy expenses, contribute to a cleaner environment, and enhance the value of your property.
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The Downsides of Solar In NJ
While there are numerous benefits to installing solar panels in New Jersey, it's essential to address some of the potential concerns. One common question that arises is, "What are the cons of solar panels in NJ?"
- Dependence on sunlight: While solar power depends on sunlight, rest assured that the Garden State receives over 250+ sunny days per year, making it an excellent location for solar energy generation. Even on cloudy days, solar panels can still generate electricity, although at a slightly reduced rate.
- Limited space: Because solar panel require a large surface area with direct sunlight, many people use their roof as the place for their solar array. However, because some roofs have limited space, some homeowners are using available yard space to increase their solar potential.
- The upfront costs of solar: The cost associated with getting solar panels. It's understandable that homeowners may be hesitant due to financial concerns. However, it's important to note that there are ways to mitigate or even eliminate these costs. In New Jersey, various programs and incentives are available that offer free solar panel installations in NJ, making solar energy accessible and affordable for residents.
When contemplating the decision to go solar, it's crucial to weigh the pros and cons. However, with the right information and guidance, homeowners can address these concerns and make an informed decision that aligns with their energy goals, financial situation, and environmental values.
Find out if you qualify for New Jersey savings programs!
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The Cost of Solar Panels in New Jersey
Fortunately, the total cost of solar panels has decreased more than 50% in the last 10 years, and it is now more affordable than ever to go solar. Especially in New Jersey thanks to their progressive NJ solar incentives.
In New Jersey, the average cost of a medium sized home solar system can range between $11,000-$15,000. However, these costs can be reduced by thousands by applying for the proper NJ solar incentives. Read our guide to the costs of solar panels in NJ, or enter your zip code below to start a customized solar quote!
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Is Solar Worth It For You?
In this article, we explored the question, "Are solar panels worth it in New Jersey?" The answer is a resounding yes, with key benefits including significant savings compared to traditional electricity, environmental advantages, and an increase in property value.
If you would like to see if solar panels are worth it for your specific situation, start here with a Solar Savings quote to see how much solar panels cost near you, which solar incentives you qualify for, and how much you could save by switching to solar in NJ. Explore all of your solar options to see if solar is worth it for you!
