16 Best Solar Companies in East Hanover, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in East Hanover

For many readers, the decision of which solar installer to choose depends on pricing. There are a few factors you should consider when trying to determine the overall cost and how much you can save, including:

• Your current electricity bills: Solar panels can significantly lower, or totally eliminate, your utility bills. In East Hanover, you can save an average of $57 a month.
• The type and model of solar panels you want: Some have higher prices, so that will affect your budget for your solar project.
• Energy consumption: Solar may be a high-cost investment for households that don't consume a good amount of energy each month.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state 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.

Solar is a rewarding investment for most homeowners. You can generate your own power instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping the Earth.

Solar Incentives in East Hanover

In an effort to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more affordable and accessible. In addition to the federal solar investment tax credit, there are also some local benefits, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in East Hanover

Replacing nonrenewable energy with solar power is a powerful way to do what you can for a cleaner and more sustainable future. But you may be wondering — how much exactly can you help the environment by making the switch to solar? Your energy usage is a significant factor to keep in mind. The more electricity your household consumes, the bigger your impact when you switch to solar energy. In East Hanover, the average homeowner can lower their carbon footprint by 50 pounds a year after going solar. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.