16 Best Solar Companies in Franklin Park, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Franklin Park

For many readers, the decision of which solar installer to go with comes down to how much it'll cost. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• How much energy your household consumes: Homes that consume lots of power each month may need more solar panels and, consequently, be more costly, but will also benefit more over time.
• Average daily sunlight: Since Franklin Park gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $14,000 over the first 20 years with your solar panels, too.
• The make and model of solar panels you're planning on getting: Some cost more, so that will determine your budget for your solar project.

There are several good benefits of solar in spite of the initial cost of installation. It can help the environment and your bank account. Additionally, it can boost the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Franklin Park

If you're considering making the switch to solar power, a number of government incentives and tax credits can greatly bring down your project costs and speed up the return on your investment. On top of the federal solar investment tax credit, there are also some state- and city-level incentives, 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 take advantage of in the table below.

Environmental Impact of Switching to Solar in Franklin Park

If you're considering adding solar panels to your home, one of the principal reasons why may be to reduce your greenhouse gas emissions. Something many might be wondering about is how much can they really help preserve the environment by going solar anyway? How much energy you use is an important factor to consider. The more electricity your home uses, the greater your impact when you go solar. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.