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

The Cost and Benefits of Solar in Ridgefield Park

We get that for lots of homeowners, the decision to invest in solar comes down to installation costs. The cost and possible savings vary depending on some important factors such as:

• Energy consumption: Solar may be too steep of an investment for families that don't need a lot of energy each month.
• Average daily sunlight: Since Ridgefield Park gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• Choice of solar panels: The type of solar panels you want 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 go with a higher number of more affordable panels.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your power bills, which can lead to an average of $15,000 of savings over 20 years.

So is a solar system worth it? Whether you'd like to lower your electricity costs, greenhouse gas emissions or both, solar panels are a solid investment for many Ridgefield Park homeowners.

Solar Incentives in Ridgefield Park

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar power more affordable and accessible. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there may often be some local incentives that you can use to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Ridgefield Park

If you're considering adding solar panels to your home, one of the main reasons why may be to reduce your carbon dioxide emissions. But how much can using solar energy instead of traditional energy actually help the environment? How much energy you use is a key factor to keep in mind. The more electricity you use, the greater your impact when you make the switch to solar power. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.