16 Best Solar Companies in Passaic, NJ (2023 Reviews)

The Cost and Benefits of Solar in Passaic

Although solar panels can help save you money on utility bills over time, it's important to take into consideration the startup costs. The cost and possible savings vary depending on a few key factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall 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 system, too.
• Your current electric bills: Solar panels can noticeably reduce, or completely eliminate, your utility bills. In Passaic, you can save an average of $60 a month.
• The type of solar panels you want to get: Some cost more, so that will influence your budget for your solar project.
• Average daily sunlight: Since Passaic gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.

So is buying solar panels worth it? Whether you want to reduce your energy bills, carbon emissions or both, solar panels are a great investment for many Passaic homeowners.

Solar Incentives in Passaic

Although a solar power system is typically a large investment, it can save you a significant amount of money over many years due to reduced energy bills and government incentives. When you install a solar panel system on your home, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some state and city incentives that you can use to further save. In our article on solar incentives, you can see the incentives you qualify for in Passaic.

Environmental Impact of Switching to Solar in Passaic

Switching to solar energy can have a positive impact on the environment. You may be curious — how much do solar panels do for the planet anyway? In a place like Passaic where commute times can be pretty long, going solar can help offset some of your carbon dioxide emissions from driving a lot. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 50 pounds each year. If you want to do your part for the environment, you'll most likely understand that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.