17 Best Solar Companies in Byram, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Byram

When choosing a solar company, most homeowners or business owners worry about the costs above all. The overall price and potential savings vary depending on some important factors such as:

• The model of solar panel system you have the money for: This depends on how much you're willing to spend upfront.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. Plus, you can save about $14,000 over 20 years on your utility bills, without incentives.
• The amount of sunlight your home gets: Due to Byram's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• How much energy costs for you: The typical household in Byram shells out around $680 a year on energy use alone, so you could end up with that much in savings.

There are many great benefits of solar in spite of the initial cost of installation. It can help the planet and your wallet. Plus, it can raise the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Byram

If you're planning on making the switch to solar energy, various government incentives and tax credits can drastically lower the installation costs and speed up the return on your investment. These incentives usually take the form of cash rebates, tax breaks and/or solar renewable energy credits. They can cut the cost you pay for installing solar panels by 30%, upwards of 50% depending on your location. Take a look at our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Byram

If you're considering adding solar panels to your home, one of the principal reasons why may be to reduce your greenhouse gas emissions. But how much can switching to solar actually help the environment? In a city like Byram where energy use is somewhat high, making the switch to solar power is a fantastic idea for homeowners who are worried about the state of the planet. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 50 pounds each year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.