15 Best Solar Companies in River Vale, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in River Vale

For many people, the decision of which solar installer to hire depends on how much it'll cost. The overall price and potential savings vary depending on a few key factors such as:

• Your income and budget: This shapes what kind of solar panels you can get.
• Your current energy bills: Solar panels can substantially decrease, or entirely eliminate, your utility bills. In River Vale, you can save an average of $60 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $15,000 over 20 years with your solar system, too.
• How much sunlight your roof gets: This, along with how your roof is set up, affects affect how much electricity your solar panels can generate.

There are many good benefits of solar despite the upfront cost of installation. It can help the Earth and your finances. Additionally, it can boost the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in River Vale

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more affordable and accessible. When you install a solar panel system on your house, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can take advantage of to further save. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in River Vale

Many want to do their part for the planet, which for many is the main reason they're interested in installing solar panels. You may be curious — how much does going solar do for the environment anyway? In a city like River Vale where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from driving. In River Vale, the average resident can reduce their carbon footprint by 60 pounds a year once they go solar. As you can see, going solar has so many other rewards outside of saving money. One of the major ones is that you can help save the Earth too.