16 Best Solar Companies in Passaic, NJ (Aug 2022 Review)

The Cost and Benefits of Solar in Passaic

While solar panels can save you a decent chunk of change on power bills over time, it's important to know the startup costs. The cost and possible savings vary depending on some key factors such as:

• How much energy costs for you: The average family in Passaic shells out around $710 a year on energy alone, so you could gain that much in savings.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 26% of the project cost. Your state and city may also have various incentives that you can take advantage of. Additionally, you can save about $14,000 over 20 years on your utility bills, not including incentives.
• Energy consumption: Installing a solar system may be an expensive option for families that don't use too much energy each month.
• The amount of sunlight your house gets: Because of Passaic's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

So is installing solar panels worth it? Whether you want to lower your electricity costs, greenhouse gas emissions or both, solar panels are a solid investment for many Passaic homeowners.

Solar Incentives in Passaic

Because solar power is more sustainable than burning fossil fuels, there are some government incentives in place to encourage people to make the switch. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly use the ITC with other local rebates and benefits. For comprehensive information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Passaic

One of the most compelling reasons to tap into solar power is to decrease your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Passaic, though. Something that can drastically influence your carbon footprint is how long your commute is and how much you drive overall. If you switch to solar power and drive an electric car, you can greatly decrease your carbon dioxide emissions by charging your car at home. Though solar panel production emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Passaic, you can reduce your carbon footprint by 50 pounds a year with solar panels. The advantages of solar power are plentiful — just like solar power is! That's why so many people have been happy with committing to solar.