11 Best Solar Companies in Parsippany Troy Hills, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Parsippany Troy Hills

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to install your system. There are quite a few factors you should consider when trying to figure out the overall cost and how much you can save, including:

• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $14,000 over 20 years with your solar panels, too.
• Your current electric bills: Solar panels can dramatically reduce, or totally eliminate, your utility bills. In Parsippany Troy Hills, you can save an average of $58 a month.
• Electricity consumption: The average home in Parsippany Troy Hills doesn't use much energy, and so may not see as many savings on their power bills.

There are lots of wonderful benefits of solar even with the upfront cost of installation. It can help the Earth and your bank account. In addition, it can increase the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Parsippany Troy Hills

There are lots of reasons why adopting solar power is beneficial. One of them consists of some government incentives that can save you money. There are a lot of federal, state and local rebates and tax credits that may earn you some money back after buying a solar panel system. In the table below, you can find out about the incentives you qualify for in Parsippany Troy Hills.

Environmental Impact of Switching to Solar in Parsippany Troy Hills

Making the switch to solar power is a profound way to do what you can for a greener future. But you may be wondering — how much exactly can you help by making the switch to solar? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Although solar panel production emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Parsippany Troy Hills, you can reduce your carbon footprint by 50 pounds a year with solar panels. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.