18 Best Solar Companies in Springfield, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Springfield

For the majority of homeowners, whether or not you should invest in solar energy depends the most on the cost. Some important things that determine the cost and possible savings include:

• Incentives: Something that can make your solar project cost less 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 energy bills, which can result in an average of $14,000 of savings over 20 years.
• The make and model of solar panels you want to get: More efficient panels are more highly priced, so that will affect your budget for your solar project.
• How much energy costs for you: If your local electricity rates are high, there's a better chance you'll have a higher return on your investment in solar panels. In Springfield, you can save an average of $57 a month on your electricity bills.
• Energy consumption: Installing solar panels may be too pricey an option for homes that don't use a lot of energy each month.

There are many good benefits of solar in spite of the initial cost of installation. It can help the Earth and your wallet. In addition, it can increase the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Springfield

Although installing solar panels is typically a big investment, it can save you a substantial amount of money over time because of lower utility bills and government incentives. There are quite a few federal, state and local rebates and tax credits that may earn you a decent amount of money in return after buying a qualifying system. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Springfield

One of the most compelling reasons to switch to solar energy is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But you may be wondering — how much exactly can you help the planet by making the switch to solar? A key thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time driving to work, your footprint may be larger, so switching to solar power for your house can help offset that. In Springfield, the average resident can reduce their carbon footprint by 60 pounds a year once they go solar. For those who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.