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

The Cost and Benefits of Solar in Mendham

We understand that for most homeowners, the choice to invest in solar depends on installation costs. Some important factors that affect how much it will cost to install solar panels on your home and how much money you could save over time are:

• Your home's power bills: Due to high monthly electricity bills in Mendham, you could save about $700 a year with solar.
• Choice of solar panels: The type of solar panels you need 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.
• Whether or not your roof gets a lot of direct sunlight: This, and how your roof is set up, affects affect how much electricity your solar panels can generate.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.

There are lots of good benefits of solar even with the upfront cost of installation. It can help the planet and your finances. Additionally, it can increase the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Mendham

There are many reasons why adopting solar power is beneficial. One of them consists of some government incentives that can save you money. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there are often some regional incentives that you can use to further save. Take a look at our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Mendham

If you're planning on adding solar panels to your home, one of the main reasons why may be to reduce your carbon dioxide emissions. But how much can using solar energy instead of traditional energy actually help the environment? The average person has a sizable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions a year, and electricity for their home, it can be overwhelming to think about what to do. Switching to solar is a practical thing you can do to help. Once you go solar, your carbon footprint can be lowered by about 50 pounds every year. For those who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.