16 Best Solar Companies in Lyndhurst, NJ (Jul 2022 Review)

The Cost and Benefits of Solar in Lyndhurst

We get that for lots of homeowners, the decision to invest in solar highly depends on installation costs. Some significant things that affect how much it will cost and how much you could save include:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 26% of the project cost. Your state and city may also have incentives and rebates that you can use. Additionally, you can save about $15,000 over 20 years on your utility bills, without incentives.
• The cost of energy for you: If your local utility rates are high, there's a good chance you'll see a higher return on your investment in solar panels. In Lyndhurst, you can save an average of $60 a month on your electricity bills.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• How much power your household needs: If your household uses a lot of energy, you'll see more savings from switching to solar.

There are lots of wonderful benefits of solar in spite of the upfront cost of installation. It can help the Earth and your wallet. Plus, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Lyndhurst

There are many reasons why you should switch to solar. One of them includes some government incentives that can save you money. There are quite a few federal, state and local rebates and tax credits that can earn you anywhere from 26% to 50% of your money back after buying a solar panel system. The table below shows you the incentives you can benefit from in Lyndhurst.

Environmental Impact of Switching to Solar in Lyndhurst

A lot of people want to do their part to help protect the planet, which for many is the primary reason for installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lyndhurst, though. The average person has a considerable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to figure out what to do. Going solar is one of the easiest things you can do to help. In Lyndhurst, the average resident can lower their carbon footprint by 60 pounds a year after going solar. If you want to do what you can for the environment, you'll likely get that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is priceless.