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

The Cost and Benefits of Solar in Mountain Lakes

For many readers, the decision of which solar company to choose depends on pricing. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The amount of sunlight your area gets: Because of Mountain Lakes' high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• How much you spend on energy: The typical family in Mountain Lakes pays around $650 a year on energy alone, so you could end up with that much in savings.
• 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 money on your energy bills, which can give you an average of $13,000 of savings over 20 years.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money 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.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and your energy consumption.

Solar Incentives in Mountain Lakes

Switching to solar power has many great benefits. Not only can it help protect the planet, but you can also save a good amount of money on your installation with various government incentives. When you install a solar panel system on your house, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can use to further save. Our article on solar incentives goes over more in-depth information on the incentives you can benefit from in Mountain Lakes.

Environmental Impact of Switching to Solar in Mountain Lakes

There are a few main reasons why homeowners want to invest in solar energy: for the financial and environmental benefits. But — how much exactly can you help the planet by making the switch to solar? In a city like Mountain Lakes where commute times can be very long, installing solar panels can help help reduce the carbon footprint of driving. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used traditional energy. In Mountain Lakes, you can reduce your carbon footprint by 50 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other perks beyond saving money. One of the major ones is that you can help save the environment too.