14 Best Solar Companies in Prospect Park, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Prospect Park

The cost of installing solar panels has decreased immensely over the past few years, but it's still a large investment for most homeowners. There are a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, such as:

• The amount of sunlight your roof gets: Because of Prospect Park's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Typical energy usage: The more power your household uses on average and the steeper your current power bills are, the more likely you'll benefit from making the switch to solar.
• The model of solar panels you can purchase: This hinges on how much you're willing to invest upfront.

So is a solar system worth it? Whether you'd like to reduce your electric bills, carbon emissions or both, solar panels are a solid investment for many Prospect Park homeowners.

Solar Incentives in Prospect Park

If you're considering switching to solar energy, a number of government incentives and state programs can drastically reduce the installation costs and expedite the return on your investment. These incentives typically consist of cash rebates, tax benefits and/or solar renewable energy credits. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% depending on your location. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Prospect Park

One of the most compelling reasons to tap into solar power is to cut your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. You may be trying to figure out — how much does making the switch help the environment anyway? Something that can dramatically shape your carbon footprint is how long your commute is and how much you drive generally. If you go solar and drive an electric car, you can significantly decrease your carbon dioxide emissions by charging your car at home. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. The good things about solar power are infinite — just like solar power is! That's why so many people have been happy with committing to solar.