13 Best Solar Companies in Northvale, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Northvale

For many homeowners, whether or not you should invest in solar energy comes down to the cost. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Something that can make your solar project cost less 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 on your energy bills, which can lead to an average of $15,000 of savings over 20 years.
• Electricity consumption: The average home in Northvale doesn't use much energy, and consequently may not see as many savings on their power bills.
• The type of solar panels you can purchase: This is dependent on your income and budget.
• How much energy costs for you: The typical family in Northvale shells out around $720 a year on energy use alone, so you could gain that much in savings.

There are several great benefits of solar even with the upfront cost of installation. It can help the Earth and your finances. Additionally, it can boost the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Northvale

There are many reasons why going solar is a great investment. One of them involves some government incentives that can save you money. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can use to further cut back on the cost of solar of solar panels. Check out the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Northvale

Switching to solar energy can have a positive impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Northvale, though. The average person has a substantial carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and electricity for their home, it can be overwhelming to think about what to do. Installing solar panels is one of the easiest things you can do to help. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.