16 Best Solar Companies in Elk, NJ (2023 Reviews)

The Cost and Benefits of Solar in Elk

The cost of installing a solar panel system has gone down greatly over the past few years, but it's still a substantial investment for most homeowners. A few important factors that influence the cost of installing a solar panel system on your home and how much money you could save over time include:

• Your power bills: This will influence your savings. In Elk, the average resident can save about $860 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. Plus, you can save about $18,000 over 20 years on your utility bills, without incentives.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Where your home is: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.

So are solar panels worth it? Whether you want to lower your electric bills, carbon emissions or both, solar panels are a solid investment for many Elk homeowners.

Solar Incentives in Elk

Adopting solar power has a lot of wonderful benefits. Not only can it help preserve the environment, but you can also save a good amount of money on your installation with various government incentives. State and city solar incentive programs depend on the location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Elk

Lots of people want to do their part for the environment, which for many is the primary motivation to install a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Elk, though. Something that can drastically influence your carbon footprint is your commute time and how much you drive altogether. If you switch to solar power and drive an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. If you want to do what you can for the environment, you'll most likely find that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.