Should I consider solar panels for my home?
Solar panels are worth considering if your roof gets good sun exposure, you plan to stay in your home for at least 5 to 7 years, and your utility costs are average or above. Federal tax credits cover 30 percent of installation costs. Many New Jersey homeowners also benefit from net metering and Solar Renewable Energy Certificates.
Why It Matters
Solar panels can eliminate or dramatically reduce your electric bill, but the upfront cost is significant. Understanding the payback period helps you make an informed decision.
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