18 Best Solar Companies in Midland Park, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Midland Park

For most homeowners, whether or not you should invest in a solar energy system comes down to the cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• The type and model of solar panels you want to get: Higher-efficiency panels are more expensive, so that will shape your budget for your solar project.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can lead to an average of $15,000 of savings over 20 years.
• Your household's power bills: Based on the high monthly electricity bills in Midland Park, you could save about $720 a year with solar.
• Typical energy usage: The more energy your household consumes on average and the higher your current energy bills are, the more money you could save by going solar.

As a result of the cost of solar panels being lower than before as well as various solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Midland Park

There are lots of reasons why adopting solar power is beneficial. One of them consists of some government incentives you can take advantage of. State and city solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar panels, in addition to the federal solar tax credit. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Midland Park

Going solar can have a positive effect on the environment. A question many might be wondering about is how much can they really help preserve the environment by going solar anyway? One thing that can drastically shape your carbon footprint is how long your commute is and how much you drive overall. If you go solar and have an electric car, you can significantly decrease your carbon dioxide emissions by charging your car at home. In Midland Park, the average household can lower their carbon footprint by 60 pounds a year once they go solar. As you can see, investing in solar has so many other benefits besides saving money. One of the most important ones is that you can help save the planet too.