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

The Cost and Benefits of Solar in Madison

Although solar panels can save you a decent chunk of change on electricity bills over time, it's important to know the upfront costs. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• System size and type: Some models are more costly 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.
• Your current power bills: Solar panels can noticeably reduce, or totally get rid of, your utility bills. In Madison, you can save an average of $75 a month.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. Additionally, you can save about $18,000 over 20 years on your utility bills, not including incentives.
• The amount of sunlight your city gets: Because of Madison's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.

Due to the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Madison

In an effort to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar more affordable and accessible. These incentives usually take the form of cash rebates, tax breaks and/or performance-based incentives. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% in some cases. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Madison

Lots of people want to do what they can to help save the environment, which in many cases is the prime reason for installing solar panels. But how much can installing solar panels actually help the environment? In a city like Madison where commute times can be very long, installing solar panels can help help reduce the carbon footprint of driving. While making solar panels releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Madison, you can reduce your carbon footprint by 50 pounds a year with solar panels. Since solar power is renewable and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help protect the planet.