17 Best Solar Companies in Maywood, NJ (Jul 2022 Review)

The Cost and Benefits of Solar in Maywood

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to set up your system. The overall price and potential savings vary depending on some key factors such as:

• Whether or not your roof gets a lot of direct sunlight: This, along with the configuration of your roof, affects affect how much power your solar panels can generate.
• Typical energy usage: The more electricity your home consumes on average and the greater your current electricity bills are, the more benefits you'll see from making the switch to solar.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 26% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $15,000 on your utility bills over 20 years not including incentives.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings 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.

Solar is a valuable investment for most homeowners. You can make your own electricity instead of paying for it from the grid and benefit from solar incentives, all while helping the Earth.

Solar Incentives in Maywood

Although solar power is typically a big investment, it can save you much money in the long term because of reduced utility bills and government incentives. These incentives normally consist of cash rebates, tax benefits and/or solar renewable energy credits. They can reduce the cost you pay for installing solar panels by 26 to 50% in some cases. Take a look at the table below to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Maywood

Installing solar panels can have a meaningful impact on the environment. A question many homeowners might be asking themselves is how much can they really help protect the environment by switching to solar power anyway? Something that can dramatically shape your carbon footprint is how long your commute is and how much you drive generally. If you switch to solar power and have an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. If you go solar, your carbon dioxide emissions can be cut by about 60 pounds every year. Since solar power is plentiful and generates electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help the planet.