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How Cost-Efficient Is Solar Energy in Residential Homes?

solar energyIf you’re a homeowner considering solar panels, you might be wondering if the benefits outweigh the cost. Because solar energy is sustainable, renewable, and plentiful, it’s a great option for individuals who are not only looking to save money but also reduce their carbon footprint. Below our experts help answer common questions like “Do solar panels increase home value?” and “Do solar panels save money?” so you can feel confident switching to this renewable energy source. 

How Much Do Solar Panels Cost?

The specific cost for installing solar panels and their upkeep varies greatly depending on many factors like location, roof type, and the layout of your home. A good portion of the upfront cost includes installation, which can take anywhere from one to five days when it’s completed by a highly skilled team of installers. Typically, the installation process goes something like this:

  • Solar panels have their own set of permits that your installers will need to acquire before the installation begins.
  • Depending on the brand and material, your installation in New Jersey could range between $11,000 to $35,000 for a solar panel system before applying for incentives.

If you have been searching for solar panel installers near me, consider contacting the experts at Raynor Services today!

Benefits of Installing Solar Panels on Your Home

As the cost of using and installing solar goes down each year, many individuals are switching to this renewable energy source. Solar panels are a great way to offset energy costs, reduce your environmental impact, and provide several other advantages, which we’ll highlight below: 

Cost Savings

Have you asked yourself, “Do solar panels save money?” The simple answer is YES! When you switch to solar energy to power your home, you will see an opportunity to reduce your monthly utility bills and make a long-term, low-risk investment. In fact, many homeowners pay over 80% less after solar panel installation. While the upfront cost can seem intimidating, you will enjoy savings for years after your initial investment.  

Earn Tax Credits and Rebates

Installing solar for your home can actually make you money! There are several New Jersey Solar Incentives available, including New Jersey Net Metering programs and Transition Renewable Energy Certificates. Along with those programs, the Federal Solar Tax Credit (ITC) is a nationwide tax credit that homeowners can claim on their tax returns. The credit is worth 30% of the total cost of your entire solar panel system. 

Increased Home Value

As a homeowner, you’ve undoubtedly considered home improvement projects that can boost the overall value of your home. If you’ve asked yourself, “Do solar panels increase home value?” we’re here to tell you that they do. If you’re considering selling your home, solar panels are seen as upgrades, like a finished basement or remodeled bathroom, so installing a solar panel system will likely increase your home’s value. 

Help the Environment

Solar panels derive clean, pure energy from the sun, which is better for the environment than conventional energy sources. Traditional power sources like coal, oil, and natural gas are responsible for greenhouse gas emissions, air and water pollution, and other toxic wastes that cause severe problems for our health and the health of our environment. Reduce your carbon footprint and have less of an impact on the environment when you install solar panels on your home! 

Free Solar Estimates With Raynor Services! 

At Raynor Services, we recognize that clean and renewable energy is a growing necessity in today’s economy and climate. As a full-service home improvement company, we handle every part of the process from the moment you give us a call. From permits to construction, you can trust that your new solar panel system with Raynor is well worth the investment. Contact us at 609-714-0505 to get started on your solar installation project.

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