11 Best Solar Companies in Montville, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Montville

The cost of putting up a solar panel system has decreased significantly over the past few years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• How much energy you use: If your home regularly uses a lot of energy, you'll see more savings from switching to solar.
• Your household's power bills: With high monthly energy bills in Montville, you could save about $680 a year with solar.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. Additionally, you can save about $13,000 over 20 years on your utility bills, before factoring in incentives.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, like the angle of your roof and incentives.

Solar Incentives in Montville

In order to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. Take a look at our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Montville

One of the most compelling reasons to switch to solar energy is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But you may be curious — how much exactly can you help by making the switch to solar? How much energy you use is a key factor to consider. The more energy your home uses, the larger your impact when you go solar. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 50 pounds each year. The good things about solar power are abundant — just like solar power is! That's why so many Montville residents have been happy with making the switch to solar.