17 Best Solar Companies in Mahwah, NJ (Jan 2023 Review)

The Cost and Benefits of Solar in Mahwah

While solar panels can help save you a decent chunk of change on power bills over time, it's important to know the upfront costs. The cost and possible savings vary depending on a few key factors such as:

• Your income and budget: This shapes what model of solar panels you can purchase.
• Where your home is: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your 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 the first 20 years with your solar system, too.
• The cost of energy for you: If your local power rates are high, there's a better chance you'll end up with a higher return on your investment in a solar panel system. In Mahwah, you can save an average of $60 a month on your electricity bills.

So is a solar panel system worth it? Whether you're trying to lower your electric bills, greenhouse gas emissions or both, solar panels are a good investment for many Mahwah homeowners.

Solar Incentives in Mahwah

Since solar power is a cleaner source of energy than burning fossil fuels, there are various government incentives available to encourage people to make the switch. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can use to further save. In our article on solar incentives, you can see the incentives you qualify for in Mahwah.

Environmental Impact of Switching to Solar in Mahwah

Installing solar panels can have a beneficial effect on the environment. You may be trying to figure out — how much do solar panels help the planet anyway? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 20 pounds each year. The advantages of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.