15 Best Solar Companies in Fairview, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Fairview

The cost of putting up solar panels has dropped greatly in the past few years, but it's still a substantial investment for most homeowners. Some key factors that dictate how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• Your income and budget: This guides what kind of solar panels you can afford.
• Energy consumption: Installing solar panels may be an expensive investment for households that don't consume too much energy a month.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.

Due to solar panels now being cheaper than ever as well as several solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Fairview

In an effort to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more financially viable and accessible. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. In our article on solar incentives, you can read about the incentives you qualify for in Fairview.

Environmental Impact of Switching to Solar in Fairview

Swapping traditional energy for solar is a great way to do what you can for a more eco-friendly future. You may be asking yourself — how much does making the switch do for the environment anyway? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.