12 Best Solar Companies in Greentree, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Greentree

When choosing a solar company, most homeowners or business owners worry about the costs the most. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Your power bills: This will determine your savings. In Greentree, the average resident can save about $780 a year on their electricity bills.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can result in an average of $16,000 of savings over 20 years.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Energy consumption: Installing a solar system may be a high-cost investment for families that don't use too much energy a month.

There are many good benefits of solar despite the upfront cost of installation. It can help the environment and your finances. In addition, it can raise the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Greentree

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there are often some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. Our article on solar incentives goes over more in-depth information on the incentives you can find in Greentree.

Environmental Impact of Switching to Solar in Greentree

If you're thinking of adding solar panels to your home, one of the principal reasons why may be to reduce your reliance on nonrenewable energy. But how much can switching to solar actually help the environment? Your energy usage is a significant factor to think about. The more energy your household consumes, the larger your impact when you go solar. In fact, if you make the switch to solar power, you could lower 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 reducing your carbon footprint.