14 Best Solar Companies in Short Hills, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Short Hills

Even though solar panels can help save you a decent chunk of change on electricity bills over time, it's important to take into consideration the upfront costs. Some key factors that influence the cost of installing a solar panel system on your home and how much it could save you over time include:

• The amount of sunlight your home gets: Because of Short Hills' high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Typical energy usage: The more power your household uses on average and the steeper your current power bills are, the more money you could save by making the switch to solar.
• Your income and budget: This guides what type of solar panels you can purchase.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $14,000 on your electricity bills over 20 years without incentives.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, like the angle of your roof and incentives.

Solar Incentives in Short Hills

In an effort to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make switching to solar power more affordable and accessible. These incentives mostly consist of cash rebates, tax benefits and/or performance-based incentives. They can reduce how much you end up spending on going solar by 26 to 50% in some cases. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Short Hills

Many want to do their part for the environment, which in many cases is the primary reason for installing a solar system. But how much can using solar energy instead of traditional energy actually affect the environment? The more energy your house uses, the better off the planet will be from you switching to solar as you won't have to burn as many fossil fuels. While making solar panels emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Short Hills, you can reduce your carbon footprint by 60 pounds a year with solar panels. Since energy from the sun is abundant and makes electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help protect the planet.