13 Best Solar Companies in Millburn, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Millburn

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to install your system. Some key factors that determine the cost of installing solar panels on your home and how much it could save you over time are:

• Incentives: Something that can make your solar project cost less 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 money on your energy bills, which can result in an average of $14,000 of savings over 20 years.
• Typical energy usage: The more electricity your home uses on average and the higher your current electricity bills are, the more benefits you'll see from switching to solar.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets lots of sunlight.

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

Solar Incentives in Millburn

There are many reasons why you should switch to solar. One of them consists of some government incentives that can save you money. State and city solar incentive programs depend on the location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. The table below lets you know about the incentives you can find in Millburn.

Environmental Impact of Switching to Solar in Millburn

If you're thinking of adding solar panels to your home, one of the main reasons why may be to reduce your greenhouse gas emissions. But you may be curious — how much exactly can you help by going solar? Going solar is a great choice for the environment, because the largest source of greenhouse gas emissions in the nation is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. When you go solar, your carbon dioxide emissions can be lowered by about 60 pounds every year. As you can see, using solar power has so many other perks apart from saving money. One of the primary ones is that you can help save the planet too.