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

The Cost and Benefits of Solar in Dumont

For the majority of homeowners, whether or not to invest in a solar energy system depends the most on the cost. Some significant things that determine how much it will cost and how much you could save include:

• Your household's power bills: Due to high monthly power bills in Dumont, you could save about $720 a year with solar.
• 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.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 26% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• How much power your household needs: If your family needs to use a lot of energy, you'll reap more rewards from going solar.

There are many good benefits of solar even with the upfront cost of installation. It can help the environment and your finances. Plus, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Dumont

Because solar power is more sustainable than traditional energy sources, there are various government incentives available to encourage its adoption. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other local incentives. Take a look at the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Dumont

Many want to do what they can to help the planet, which for many is the prime reason for installing solar panels. A question many homeowners might be asking themselves is how much can they really help preserve the environment by going solar anyway? For those who want to help cut back on greenhouse gas emissions, using solar power is an easy decision, especially since Dumont produces a fair amount of carbon dioxide emissions from its energy generation. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.