13 Best Solar Companies in Nutley, NJ (Jul 2022 Review)

The Cost and Benefits of Solar in Nutley

For lots of homeowners, the decision to invest in solar energy comes down to the cost. Some important things that affect the upfront cost and potential savings over time include:

• Electricity consumption: The average home in Nutley doesn't use much energy, and therefore may not see as many savings on their power bills.
• Your current power bills: Solar panels can significantly reduce, or totally get rid of, your utility bills. In Nutley, you can save an average of $60 a month.
• The model of solar panels you want: More efficient panels have higher prices, so that will affect your budget for your solar project.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 26% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Plus, you can save about $14,000 over 20 years on your utility bills, not including incentives.

Solar is a rewarding investment for most homeowners. You can make your own electricity instead of paying for it from the grid and benefit from solar incentives, all while helping the environment.

Solar Incentives in Nutley

There are many good reasons why you should switch to solar. One of them involves some government incentives that can help save you some money. On top of the federal tax credit incentive, there are also some local incentives, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. The table below shows you the incentives you can find in Nutley.

Environmental Impact of Switching to Solar in Nutley

There are many reasons to make the switch to solar power, like saving money on electricity bills and helping to lower your carbon footprint. You may be wondering — how much does making the switch help the planet anyway? The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and powering their home, it can be overwhelming to think about what to do. Switching to solar is a practical thing you can do to help. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. As you can see, trading traditional energy for solar has so many other perks apart from saving money. One of the most important ones is that you can help save the planet too.