16 Best Solar Companies in Franklin Park, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Franklin Park

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to set up your panels. There are quite a few factors you should take into consideration when determining the overall cost and how much you can save, including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $14,000 over 20 years with your solar system, too.
• Electricity consumption: The average household in Franklin Park doesn't use much energy, and consequently may not see as many savings on their power bills.
• System size and type: Some models are more costly than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• The amount of sunlight your city gets: Because of Franklin Park's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, like the size of your house and your energy consumption.

Solar Incentives in Franklin Park

In an effort to increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. On top of the federal tax credit incentive, there are also some state- and city-level programs, which in almost all cases, can be claimed in addition to the federal incentive, so you get to save even more. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Franklin Park

Many want to do what they can to help protect the planet, which for many is the main reason for installing a solar system. Something many homeowners might be wondering about is how much can they really help protect the environment by switching to solar power anyway? If your family uses a lot of energy, you can help the environment even more by switching to solar power. After you go solar, your carbon emissions can be lowered by about 60 pounds a year. Since energy from the sun is plentiful and produces electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help protect the planet.