15 Best Solar Companies in Ridgefield, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Ridgefield

For the majority of homeowners, whether or not you should invest in solar energy boils down to the cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Your current energy bills: Solar panels can substantially reduce, or entirely get rid of, your utility bills. In Ridgefield, you can save an average of $60 a month.
• Where your home is: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• 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 lead to more savings 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: 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 can help you save even more. Excluding incentives, you can save an average of $15,000 over the first 20 years with your solar system, too.

Solar is a rewarding investment for most homeowners. You can produce your own electricity instead of paying for it from the grid and benefit from solar incentives, all while helping the Earth.

Solar Incentives in Ridgefield

There are several reasons why going solar is a great investment. One of them consists of some government incentives that can save you money. When you install a solar panel system on your house, 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. In addition, there are often some regional incentives that you can use to further cut back on the cost of solar of solar panels. Our article on solar incentives has more detailed information on the incentives you can take advantage of in Ridgefield.

Environmental Impact of Switching to Solar in Ridgefield

If you're planning on adding solar panels to your home, one of the principal reasons why may be to reduce your reliance on nonrenewable energy. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Ridgefield, though. Something that can dramatically shape your carbon footprint is how long your commute is and how much you drive in general. If you install solar panels and drive an electric car, you can vastly reduce your carbon dioxide emissions by charging your car at home. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. The advantages of solar power are abundant — just like solar power is! That's why so many people have been happy with using solar energy.