16 Best Solar Companies in Pequannock, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Pequannock

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will need to pay to install your system. The cost and possible savings vary depending on some important factors such as:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. In addition, you can save about $13,000 over 20 years on your utility bills, before factoring in incentives.
• Your current electric bills: Solar panels can noticeably lower, or entirely eliminate, your utility bills. In Pequannock, you can save an average of $54 a month.
• The model of solar panels you want to get: More high-tech panels have higher prices, so that will shape your budget for your solar project.
• The amount of sunlight your roof gets: Due to Pequannock's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

Thanks to solar panels decreasing in cost as well as several solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Pequannock

There are many reasons why going solar is a great investment. One of them consists of some government incentives that can help save you some money. State and city solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Pequannock

Installing solar panels can have a beneficial effect on the environment. Something many might be thinking about is how much can they really help save the environment by switching to solar power anyway? In a place like Pequannock where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from driving a lot. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Pequannock, you can reduce your carbon footprint by 50 pounds a year with solar panels. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.