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

The Cost and Benefits of Solar in Lyndhurst

While solar panels can save you money on power bills over time, it's important to take into consideration the upfront costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The type and model of solar panels you're planning on getting: More efficient models are more costly, so that will shape your budget for your solar project.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have various incentives that you can use. Additionally, you can save about $15,000 over 20 years on your utility bills, before factoring in incentives.
• Typical energy usage: The more electricity your household consumes on average and the steeper your current electricity bills are, the more benefits you'll see from making the switch to solar.
• Average daily sunlight: Since Lyndhurst gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.

There are several great benefits of solar in spite of the initial cost of installation. It can help the planet and your bank account. Plus, it can raise the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Lyndhurst

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. There are several federal, state and local rebates and tax credits that may earn you some money back after installing a qualifying system. Check out the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Lyndhurst

There are tons of reasons to switch to solar power, like saving some money on electricity bills and helping to reduce your carbon footprint. You may be trying to figure out — how much do solar panels help the planet anyway? Everyone can help the planet by switching to solar energy, but homes that use more energy will have a greater impact. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used traditional energy. In Lyndhurst, you can reduce your carbon footprint by 60 pounds a year with solar panels. Since energy from the sun is renewable and makes electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help the environment.