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Why Doesn’t Everybody Go Solar If Its No Money Down?

Home / Why Doesn’t Everybody Go Solar If Its No Money Down?

Going solar is one of the best ways to save money. However, you should first determine if you are qualified for a no money down solar NJ loan. Your credit score must be 640+. The site where the solar panels will be installed should be qualified as well. It must provide enough space for the panels. The roof should be in great condition and shading should not be an issue.

If you’re interested in solar installation NJ, you also need to know whether or not you can claim the 30% tax credit. You should make sure that you will be staying in your home long enough to enjoy the benefits of a solar installation. If you just purchased the house, have enough credit and site, and you plan to stay in your home for a while, there is no reason why you shouldn’t go solar.

Solar panels are an excellent way to save on energy costs, contribute to energy independence and reduce your home’s environmental impact. Here’s what you can get from going solar.

Protect the Environment

Solar power systems get clean energy from the sun, so going solar helps reduce collective reliance on fossil fuel and greenhouse gas emissions. Burning fossil fuels produces electricity, but it also emits harmful gases that cause global climate change and air pollution. Fossil fuels are finite sources. Solar energy, on the other hand, is renewable. It doesn’t produce harmful gases or pollutes water resources. Solar power systems don’t need water to generate electricity, so they can work even during a heat wave or drought.

Earn Rebates and Tax Credits

When you file your taxes, you will get 30% of total system costs back from solar power installation and equipment. Combine this with local and state rebates and the total cost can be reduced by half. Many installers also provide a no-cost installation. They do this fronting all of the money for the installation and panels and charging for electricity at a lower rate. This is an excellent option for those who prefer a no-money-down option or are not willing to make the initial investment.

Reduce Energy Bills.

Installing solar panels helps you reduce or completely eliminate energy bills. During summer or warm spring days, the panels can produce more electricity, and you can trade the excess amount with the utility. Solar panels will continue to generate energy even on cloudy days. You can start saving on your electricity bills as soon as the solar panels are installed.

Increase Your Home’s Value

Installing solar panels also increases your home’s value, which is a good thing if you have plans to sell it in the future. It can help you attract more buyers and sell your home at a good price. Solar panels can extend the life of your roof as they protect it from various elements such as snow and rain. It also makes the house more energy-efficient during summer because the sun is not hitting the roof directly. Instead, the energy from the sun is absorbed by the panels. This helps keep the temperature inside the house lower.