11 Best Solar Companies in Bloomingdale, NJ (2023 Reviews)

The Cost and Benefits of Solar in Bloomingdale

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to set up your system. The overall price and potential savings vary depending on a few key factors such as:

• Your power bills: This will dictate your savings. In Bloomingdale, the average homeowner can save about $700 a year on their electricity bills.
• How much energy your home consumes: Homes that use a lot of electricity each month may call for more solar panels and, therefore, be more costly, but will also enjoy more savings over time.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. Additionally, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.

There are several good benefits of solar in spite of the initial cost of installation. It can help the planet and your bank account. In addition, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Bloomingdale

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a significant amount of money over several years because of reduced power bills and government incentives. State and city solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar panels, in addition to the federal solar tax credit. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Bloomingdale

Going solar can have a beneficial effect on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Bloomingdale, though. In a city like Bloomingdale where energy use is somewhat high, installing solar panels is a fantastic plan for households who are eco-conscious. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Bloomingdale, you can reduce your carbon footprint by 50 pounds a year with solar panels. As you can see, investing in solar has so many other benefits outside of saving money. One of the primary ones is that you can help save the Earth too.