16 Best Solar Companies in Morristown, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Morristown

For many readers, the decision of which solar installer to choose comes down to prices. A few important factors that determine how much it will cost to install solar panels on your home and how much money you could save over time include:

• Energy consumption: Installing solar panels may be too pricey an option for homes that don't use a good amount of energy per month.
• Incentives: Something that can reduce the cost of your solar project 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 lead to an average of $16,000 of savings over 20 years.
• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• The amount of sunlight your roof gets: Due to Morristown's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, including the size of your house and your local electricity rates.

Solar Incentives in Morristown

If you're considering switching to solar energy, a variety of government incentives and tax credits can dramatically bring down the cost of the project and speed up the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other state and city incentives. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Morristown

Lots of people want to do what they can to help save the planet, which for many is the primary reason for installing solar panels. But how much can switching to solar actually affect the environment? In a city like Morristown where energy use is somewhat high, going solar is a good idea for households who care about the planet. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 50 pounds each year. For people who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.