13 Best Solar Companies in Lincoln Park, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Lincoln Park

While solar panels can help save you a good amount of money on utility bills over time, it's important to consider the upfront costs. Some important things that affect how much it will cost and how much you could save include:

• 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 local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $14,000 over 20 years with your solar panels, too.
• Your household's power bills: Based on the high monthly energy bills in Lincoln Park, you could save about $680 a year with solar.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Average daily sunlight: Since Lincoln 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.

There are lots of wonderful benefits of solar even with the initial cost of installation. It can help the Earth and your finances. Plus, it can increase the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Lincoln Park

Because solar power is a cleaner source of energy than fossil fuels, there are a number of government incentives in place to encourage its adoption. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Lincoln Park

Installing solar panels can have a meaningful impact on the environment. But how much can installing solar panels actually affect the environment? In a place like Lincoln Park where commute times can be very long, using solar power can help help reduce the carbon footprint of driving. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. The perks of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with committing to solar.