Energy efficiency is more than a buzzphrase. As a homeowner, you may find that residential solar panels in NJ are also worth the investment. Consider the following three significant benefits as you make a final decision.
1. Helps to Lower Your Energy Costs
Solar panels can become an attractive energy alternative with rising electricity rates hitting your wallet. Creating your own natural source of energy helps you save money. Add New Jersey’s net metering policy and the panels pay for themselves with savings on your electric bill.
2. May Increase the Resale Value of Your Home
Because of market growth in the state, installing solar panels may increase the resale value of your home. This considerable upside applies if you either own or finance the panels. Homeowners who lease cannot take advantage of the increased home value.
However, you might be able to transfer the lease. In this case, the new owner takes over the remaining payments.
3. You Can Access Tax Incentives
Tax credits come in many forms with solar incentives available to New Jersey residents. The federal government offers a 30% solar tax credit for the total cost of your solar system. The credit applies to the year your system is installed.
Consider Solar Panels to Improve Your Bottom Line
Your decision to install residential solar panels in NJ offers environmental benefits. Additionally, you can see an improvement in your personal bottom line with energy savings and an increased home value.
Make sure you get at least three different quotes from reputable solar installation companies to help with your final decision. For more information, visit Green Power Energy.
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