15 Best Solar Companies in Montague, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Montague

When choosing a solar company, most homeowners or business owners care about the costs above all. The overall price and potential savings vary depending on some key factors such as:

• The model of solar panel system you can buy: This is dependent on how much you're willing to spend upfront.
• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on power bills than someone with a roof that gets lots of sunlight.
• How much energy costs for you: If your local electricity rates are high, there's a better chance you'll see a higher return on your investment in solar panels. In Montague, you can save an average of $65 a month on your electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $15,000 over 20 years with your solar panels, too.

So is a solar panel system worth it? Whether you're trying to lower your electricity costs, carbon dioxide emissions or both, solar panels are a great investment for many Montague homeowners.

Solar Incentives in Montague

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar more economically viable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Montague

A lot of people want to do what they can to help the planet, which for many is the chief reason they're interested in installing solar panels. But you may be wondering — how much exactly can you help the planet by going solar? A key thing to think about is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so switching to solar energy for your home can help offset that. In Montague, the average household can reduce their carbon footprint by 50 pounds a year once they go solar. As you can see, using solar power has so many other benefits beyond saving money. One of the major ones is that you can help save the Earth too.