11 Best Solar Companies in New Providence, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in New Providence

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your system. The cost and possible savings vary depending on a few important factors such as:

• Incentives: Those who purchase and install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your electricity bills over 20 years without incentives.
• Average daily sunlight: Since New Providence gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• Your current energy bills: Solar panels can dramatically lower, or entirely eradicate, your utility bills. In New Providence, you can save an average of $57 a month.
• Choice of solar panels: The type of solar panels you get 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.

Due to solar panels now being cheaper than ever as well as several solar incentives, they are a sound investment for most homeowners.

Solar Incentives in New Providence

One of the great things about installing a solar panel system is receiving incentives from the government. On top of the federal solar investment tax credit, there are also some local programs, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in New Providence

If you're considering adding solar panels to your home, one of the major reasons why may be to reduce your carbon footprint. A question many might be thinking about is how much can they really help save the environment by switching to solar power anyway? The average person has a substantial carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to figure out what to do. Using solar power is a practical thing you can do to help. Once you go solar, your carbon footprint can be lowered by about 60 pounds a year. If you care about the environment, you'll most likely recognize that there are many benefits of adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.