17 Best Solar Companies in New Milford, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in New Milford

When choosing a solar company, most homeowners or business owners wonder about the costs the most. 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:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 26% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• The cost of energy for you: If your local utility rates are high, there's a better chance you'll get a higher return on your investment in a solar system. In New Milford, you can save an average of $60 a month on your electricity bills.
• Energy consumption: Solar may be a high-cost option for families that don't consume a good amount of energy per month.

So is a solar panel system worth it? Whether you want to lower your electric bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many New Milford homeowners.

Solar Incentives in New Milford

One of the great things about installing a solar panel system is earning federal and potentially state incentives. On top of the federal tax credit incentive, there are also some state- and city-level benefits, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. The table below lets you know about the incentives you can find in New Milford.

Environmental Impact of Switching to Solar in New Milford

Lots of people want to do what they can to help save the planet, which often is the primary motivation to install a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in New Milford, though. Using clean energy for electricity rather than burning fossil fuels is an impactful way to reduce carbon dioxide emissions if you're concerned about New Milford's fair level of greenhouse gas emissions. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good swap for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. For people who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.