Are you considering making the switch to solar energy? If so, you’re not alone. Homeowners in New Jersey and Pennsylvania are turning to solar power. But is going solar really worth it? We’ll explain the benefits to help you make a better decision.
Save Money on Your Energy Bills
When you install solar panels on your roof, you generate your own electricity and become less reliant on your utility company. This means you’ll be able to lower your energy bills and potentially even eliminate them altogether.
According to EnergySage, the average homeowner in New Jersey can save over $30,000 over the course of 20 years by going solar. In Pennsylvania, homeowners can save even more, with an average savings of over $40,000 over 20 years.
Increase the Value of Your Home
In addition to saving you money on your energy bills, going solar can also increase the value of your home. According to a study by Berkeley, homes with solar panels sell for an average of 4.1% more than homes without solar panels. This means that if you decide to sell your home in the future, you could potentially make a profit on your solar investment.
Reduce Your Carbon Footprint
When you use solar energy, you’re using a clean and renewable energy that doesn’t produce greenhouse gas emissions. This results in less damage to our Ozone. The main source of climate change is the production of greenhouse gases. In order to reduce drastic climate shifts, we have to make some changes to our energy production. This includes the use of solar panels.
Take Advantage of Tax Credits and Rebates
There are many tax credits and rebates available to homeowners who install solar panels. In New Jersey, homeowners can take advantage of SRECS. SRECS(Solar Renewable Energy Credits) are worth around $80 per megawatt produced. The average home produces 9 megawatts per year. This results in $720 extra income from your solar system alone! In addition, homeowners can also receive a federal tax credit worth 30% of the cost of their solar system.
In Pennsylvania homeowners can also receive a federal tax credit worth 30% of the cost of their solar system. On top of these tax credits, Pennsylvania residents are able to collect SRECS. The rate for SRECS in Pennsylvania are around $40 per megawatt.
Enjoy Long-Term Savings
Finally, one of the biggest benefits of going solar is that it offers long-term savings. Solar panels last around 25 years. This means that once you’ve paid off the initial cost of, you’ll be able to enjoy free electricity and SRECS for years to come.
In addition, if you generate more energy than you use, you can sell the excess energy back to your utility company through a process called net metering. This means that you can earn credits on your energy bill and potentially even make money by going solar.
Enjoy Greater Energy Independence
By going solar, you’re also taking steps towards greater energy independence. When you generate your own electricity, you’re no longer at the mercy of utility companies and their fluctuating energy prices. This means that you can protect yourself from rising energy costs and potential power outages.
In addition, if you install a battery backup system along with your solar panels, you’ll be able to store excess energy for use during power outages or at night when your panels aren’t producing electricity. This can provide you with peace of mind and a sense of security knowing that you have backup power in case of an emergency.
Make a Positive Impact on the Environment
Finally, going solar allows you to make a positive impact on the environment. By using solar energy, you are saving money and supporting the environment. Plus; By going solar, you’re supporting the growth of the renewable energy industry and helping create jobs in your community. By switching to solar energy, you are helping to support these jobs and boost the local economy.
Conclusion
All in all, the use of solar energy is definitely worthwhile. Take the opportunity to receive tax incentives, state rebates, and live in a cleaner environment. With so many benefits, it’s no wonder more and more homeowners in New Jersey and Pennsylvania are turning to solar energy.
If you’re interested in going solar, be sure to reach out to MACK Solar and Roofing. Our team of experts can help you design and install a solar system that’s tailored to your specific needs and budget. We can also help you navigate the various tax credits and rebates available to homeowners in New Jersey and Pennsylvania, making it even easier for you to start enjoying the benefits of solar energy.
