Are Solar Panels Worth It In NJ?
Are Solar Panels Worth It In NJ? This is a question that more and more homeowners are asking, especially as their energy bills continue to rise and cost of solar energy continues to drop.
In this article, we'll explore the pros and cons of solar panels in New Jersey. We will look at the cost of installing solar panels in NJ, the financial benefits, and the environmental benefits of going solar.
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The Cost of Installing Solar Panels in New Jersey
The 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 more progressive solar incentives.
In New Jersey, the average cost of installing a complete home solar system can range between $15,000-$20,000. However, this investment can be recouped over time through savings on your energy bills and excess money earned through solar renewable energy credits. On average, homeowners in New Jersey who have installed solar panels save hundreds on their electric costs and some cut their bill in half!
One benefit of New Jersey solar panels that may not be so obvious, is that you will eventually return your investment on the solar panel cost and the solar panels will pay for themselves! After that, all of your energy savings become profit. Most solar installation costs pay for themself after about 10-12 years.
Financial Benefits of Solar Panels in NJ
The financial and energy savings you can achieve with solar are one of the main reasons why more and more homeowners are choosing to install solar panels in New Jersey.
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.
Start saving money today, by switching to solar energy. Start with a free customized solar quote for your home or business.
Get started with your free solar savings quote!
Environmental Benefits
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 Solar Energy Can You Generate In NJ?
The amount of energy you can generate with solar panels depends on the size and type of solar energy system you install. On average, a typical New Jersey solar panel system will generate between 5000-6000 kWh per year. This is more than enough to meet the needs of most homeowners! And with your excess energy, you can sell it back to the NJ shared power grid via net metering and receive SRECs (Solar Renewable Energy Certificates) which can further reduce your electric bill.
Do Solar Panels Ever Wear Out?
Another incentive to consider installing solar panel systems is that they are very reliable and self sufficient technology. Solar panels don't have moving components, so there's no friction and no risk of evaporating liquids. They also require very little, if any, maintenance or upkeep.
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. This is why it is important that your work with solar experts to ensure you get high quality solar panels on your home.
In New Jersey, EcoGen America has been the trusted solar installers for years. With top rated customer service and hundreds of testimonials, you will be dealing with experts in their field, who can help you get the right solar panel system to meet your needs. As a New Jersey resident, EcoGen America offers free, no obligation, solar quotes online. The solar quotes can help you understand what size solar system will fit your roof, how much do solar panels cost in New Jersey, and answer all of your your questions along the way. Get started with your free solar quote below.
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How Do I Get Started?
Ok, so by now you've probably read all the benefits of why it's worth it to get solar panels in New Jersey. New Jersey solar panels have reduced significantly in the last few years and New Jersey is a nation leader in progressive solar incentives such as tax incentives, property tax exemption, solar loans, net energy metering and more.
Solar panel installation can seem complicated at first, but the best solar companies will crate an enjoyable experience for you. From picking out your solar panels to creating the design on your roof or yard. The best way to get started with solar is to request a solar quote from a reputable company in your area. Prepare any further questions you have and let them walk you through the process.
EcoGen America takes pride in their customer services and simplifying the transition to solar energy for your home and businesses. Click on the link below to get a free solar quote started for your today.
Get started with your free solar savings quote!
Yes, solar panels are worth it for most homeowners in New Jersey! On average, homeowners in New Jersey who have installed solar panels save $50 per month on their energy costs!
Yes. Solar does make sense in New Jersey. NJ offers plenty of sunlight in all of its seasons to power a home solar system. Solar panels are also exempt from increased property taxes. Your home could increase up to 5% in value, tax-free! Learn more about NJ Solar Incentives here.
Yes. It is worth getting solar in New Jersey. NJ ranked as the 8th best state to get solar in the US. New Jersey also offers incentives and tax credits to reduce the costs of going solar. Find out more about NJ Solar Incentives here.
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!
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.
