12 Best Solar Companies in Paramus, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Paramus

The cost of installing solar panels has dropped greatly over the past several years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Your home's power bills: Based on the high monthly electricity bills in Paramus, you could save about $710 a year with solar.
• Electricity consumption: The average home in Paramus doesn't use much energy, and so may not see as many savings on their power bills.
• The model of solar panels you want to get: Some have higher prices, so that will influence your budget for your solar project.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $15,000 over 20 years on your energy bills.

There are several wonderful benefits of solar despite the initial cost of installation. It can help the environment and your wallet. Additionally, it can boost the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Paramus

Adopting solar power has plenty of considerable benefits. Not only can it help preserve the planet, but you can also save a decent amount of money on your installation with various government incentives. Local solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. For detailed information about incentives for homeowners in Paramus, see the table below.

Environmental Impact of Switching to Solar in Paramus

One of the reasons so many homeowners are considering adopting solar energy is to help reduce their environmental impact. But you may be curious — how much exactly can you help by going solar? One thing you should keep in mind is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. The benefits of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.