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

The Cost and Benefits of Solar in Riverdale

While solar panels can save you money on utility bills over time, it's important to know the upfront costs. Some significant things that determine the upfront cost and potential savings over time include:

• The amount of sunlight your roof gets: This, along with the configuration of your roof, affects affect how much power your solar panels can produce.
• 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 a decent amount of money on your utility bills, which can result in an average of $14,000 of savings over 20 years.
• The type of solar panel system you have the money for: This hinges on what your budget is.
• Your home's power bills: With high monthly energy bills in Riverdale, you could save about $700 a year with solar.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Riverdale

If you're planning on switching to solar energy, various government incentives and state programs can immensely lower your project costs and speed up the return on your investment. There are several federal, state and local rebates and tax credits that earn some money back after buying a solar panel system. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Riverdale

There are lots of reasons to switch to solar power, like saving some money on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Riverdale, though. One thing to consider is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. The advantages of solar power are plentiful — just like solar power is! That's why so many Riverdale residents have been happy with making the switch to solar.