15 Best Solar Companies in Montvale, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Montvale

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to set up your system. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Energy consumption: Solar may be an expensive investment for homes that don't need a lot of energy a month.
• Choice of solar panels: The type of solar panels you choose 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 opt for a higher number of more affordable panels.
• Incentives: One thing 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 a decent amount of money on your energy bills, which can give you an average of $15,000 of savings over 20 years.
• Your energy bills: This will influence your savings. In Montvale, the average resident can save about $720 a year on their electricity bills.

Solar is a rewarding investment for most homeowners. You can produce your own electricity instead of paying for it from a utility company and benefit from solar incentives, all while helping the environment.

Solar Incentives in Montvale

There are a lot of reasons why adopting solar power is beneficial. One of them consists of some government incentives that can help save you some money. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. For more information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Montvale

There are a few main reasons why many people want to invest in solar energy: to put more money in their bank account and to help the planet. You may be wondering — how much does going solar do for the environment anyway? An important thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so switching to solar power for your home can help offset that. Once you go solar, your carbon emissions can be lowered by about 20 pounds each year. Since solar power is plentiful and produces electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help protect the planet.