15 Best Solar Companies in River Vale, NJ (Oct 2022 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 power your household needs: If your home uses a lot of energy, you'll reap more rewards from installing solar panels.

So is buying solar panels worth it? Whether you hope to lower your electricity costs, greenhouse gas emissions or both, solar panels are a solid investment for many River Vale homeowners.

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

Switching to solar energy can have a beneficial effect on the environment. But — how much exactly can you help the planet by making the switch to solar? The average person has a sizable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions every year, and energy for their home, it can be overwhelming to think about what to do. Installing solar panels is a practical thing you can do to help. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.