15 Best Solar Companies in Montclair, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in Montclair

Solar panels are powered by a free energy source — the sun — but to take advantage of this you must first pay to install your panels. There are a few factors you should consider when trying to determine costs and your potential savings, including:

• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• How much energy you use: If your home regularly uses a lot of energy, you'll see more savings from switching to solar.
• Your energy bills: This will dictate your savings. In Montclair, the average homeowner can save about $710 a year on their electricity bills.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your energy bills, which can result in an average of $14,000 of savings over 20 years.

There are lots of great benefits of solar in spite of the initial cost of installation. It can help the planet and your bank account. In addition, it can raise the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Montclair

There are a lot of reasons why adopting solar power is beneficial. One of them involves some government incentives you can take advantage of. Local solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Montclair

Replacing nonrenewable energy with solar power is a powerful way to do your part for a more sustainable future. But how much can switching to solar actually help the environment? For homeowners who want to help preserve the planet, going solar is an easy choice, especially since Montclair produces a fair amount of carbon dioxide emissions from its energy generation. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.