14 Best Solar Companies in Garfield, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Garfield

While solar panels can help save you a decent chunk of change on utility bills over time, it's necessary to consider the upfront costs. The cost and possible savings vary depending on a few important factors such as:

• The model of solar panels you want: More efficient models are more highly priced, so that will determine your budget for your solar project.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your energy bills, which can result in an average of $15,000 of savings over 20 years.
• Electricity consumption: The average household in Garfield doesn't use much energy, and as a result may not see as many savings on their power bills.
• Your current electric bills: Solar panels can dramatically reduce, or totally get rid of, your utility bills. In Garfield, you can save an average of $60 a month.

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

Solar Incentives in Garfield

In an effort to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar more financially viable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Garfield

One of the best reasons to embrace solar energy is to reduce your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. You may be wondering — how much do solar panels do for the planet anyway? One thing to keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good swap for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. The perks of solar power are abundant — just like solar power is! That's why so many people have been happy with making the switch to solar.