11 Best Solar Companies in Paterson, NJ (Jul 2022 Review)

The Cost and Benefits of Solar in Paterson

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to set up your panels. The overall price and potential savings vary depending on some important factors such as:

• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 26% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Electricity consumption: The average home in Paterson doesn't use much energy, and consequently may not see as many savings on their power bills.
• Whether or not your roof gets a lot of direct sunlight: This, and the configuration of your roof, affects affect how much electricity your solar panels can make.

So are solar panels worth it? Whether you want to reduce your energy bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Paterson homeowners.

Solar Incentives in Paterson

Although solar power is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over many years because of reduced power bills and government incentives. On top of the federal solar investment tax credit, there are also some state- and city-level incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. In the table below, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Paterson

Lots of people want to do what they can to help protect the environment, which in many cases is the main motivation to install a solar system. A question many homeowners might be wondering about is how much can they really help the environment by going solar anyway? Using solar energy for electricity in place of relying on nonrenewable energy sources is a good way to reduce carbon dioxide emissions if you're concerned about Paterson's fair level of greenhouse gas emissions. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 50 pounds each year. If you care about the environment, you'll most likely understand that there are many advantages to adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.