11 Best Solar Companies in Bergenfield, NJ (Jul 2022 Review)

The Cost and Benefits of Solar in Bergenfield

The cost of putting up solar panels has dropped immensely in the past several years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• How much you spend on energy: The typical household in Bergenfield pays around $720 a year on home energy use alone, so you could end up with that much in savings.
• Energy consumption: Installing a solar system may be too pricey an investment for homes that don't consume too much energy each month.
• Incentives: Those who buy and install a solar energy system this year can save 26% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $15,000 on your energy bills over 20 years not including incentives.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Bergenfield

Because solar power is better for the environment than fossil fuels, there are quite a few government incentives in place to encourage people to make the switch. These incentives typically take the form of cash rebates, tax breaks and/or performance-based incentives. They can reduce the cost of going solar by 26 to 50% in some cases. Take a look at the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Bergenfield

There are lots of reasons to trade traditional energy for solar energy, like saving on utility bills and helping to lower your carbon footprint. But how much can installing solar panels actually affect the environment? As reported by the EPA, electricity production is the second greatest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Installing solar panels and switching to renewable energy can help reduce that number in a city like Bergenfield that accounts for a fair amount of carbon dioxide emissions each year. Once you go solar, your carbon emissions can be reduced by about 60 pounds a year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.