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Should I consider solar panels for my home?

By Bob Millaway, South Jersey Community Expert & REALTOR®

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.

Related Questions

What are the easiest ways to reduce my energy bills? What are the most effective energy-efficient upgrades? How do I know if my home is energy efficient? What energy tax credits are available for homeowners? How much can I save by switching to LED bulbs?

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