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

The Cost and Benefits of Solar in Northfield

When deciding on a solar company, most homeowners or business owners think about the costs the most. There are several factors you should take into consideration when determining the overall cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Typical energy usage: The more power your home uses on average and the greater your current power bills are, the more benefits you'll see from making the switch to solar.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets lots of sunlight.
• Choice of solar panels: The type of solar panels you are interested in getting 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.

There are many wonderful benefits of solar even with the initial cost of installation. It can help the Earth and your bank account. Plus, it can increase the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Northfield

If you're thinking about making the switch to solar energy, a variety of government incentives and tax credits can greatly lower your project costs and speed up the return on your investment. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other local incentives. For detailed information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Northfield

There are lots of reasons to trade traditional energy for solar power, like saving on utility bills and helping to reduce your carbon footprint. But how much can installing solar panels actually help the environment? If your home uses a lot of energy, you can help the environment even more by switching to solar power. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. As you can see, using solar power has so many other benefits apart from saving money. One of the main ones is that you can help save the environment too.