18 Best Solar Companies in Ho Ho Kus, NJ (2023 Reviews)

The Cost and Benefits of Solar in Ho Ho Kus

When picking a solar company, most homeowners or business owners worry about the costs above all. Some significant things that influence the cost and possible savings include:

• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• 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 $15,000 over 20 years with your solar system, too.
• The amount of sunlight your home gets: Due to Ho Ho Kus' high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• The cost of energy for you: If your local energy rates are high, there's a better chance you'll get a higher return on your investment in a solar system. In Ho Ho Kus, you can save an average of $60 a month on your electricity bills.

Although a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, such as the kind of solar panels you get and incentives.

Solar Incentives in Ho Ho Kus

Because solar power is better for the environment than fossil fuels, there are various government incentives available to encourage its adoption. There are a lot of federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money in return after buying a qualifying system. In our article on solar incentives, you can read about the incentives you qualify for in Ho Ho Kus.

Environmental Impact of Switching to Solar in Ho Ho Kus

There are a few main reasons why many people want to invest in solar energy: for the good of their bank accounts and the planet. But how much can switching to solar actually affect the environment? The average person has a considerable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions each year, and energy for their home, it can be overwhelming to think about what to do. Switching to solar is a practical thing you can do to help. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. As you can see, investing in solar has so many other perks apart from saving money. One of the main ones is that you can help save the environment too.