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Is a solar investment right for you?

Solar energy is gaining in popularity because of the money it can save over time. When it comes to solar panels for your home, it’s important to get the facts. Particularly when it comes to making a solar investment New Jersey homeowners are taking a look at a few different details.

The Costs

First, it’s important to look at what your out of pocket expense is going to be. This will vary based on the size of your home and how much solar energy you want to produce. There are financing programs, too, which will allow you to pay monthly for your solar panels.

The Rebates

A variety of rebates are available to help you lower your investment. This can come in the form of state rebates as well as a refund on your federal income taxes. If the cost is of particular concern to you, it’s possible to work with the solar company to find out what rebates are available to you. In some instances, you may be able to qualify for more rebates because of your income, where your home is located, and more.

The Savings

Finally, it’s important to look at the savings that you will encounter. This will be seen immediately on your electric bill. Depending on how much energy your panels are producing, you may not even have an electric bill. Further, in some jurisdictions, you’re able to sell your surplus energy back to the electric company in order to get checks written to you. This can help to cover the overall investment of the panels.

You may have a variety of questions to ask about solar panels. Rather than assuming that they’re not for you because of costs or other concerns, start a conversation with a provider. You might be surprised to learn that it is a worthy investment for your home.

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