18 Best Solar Companies in Springfield, NJ (Sep 2022 Review)

The Cost and Benefits of Solar in Springfield

We get that for lots of homeowners, the choice to invest in solar highly depends on installation costs. Some key things that determine the upfront cost and potential savings over time include:

• average energy usage: The more power your household consumes on average and the greater your current power bills are, the more benefits you'll see from switching to solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $14,000 over the first 20 years with your system, too.
• How much you spend on energy: The average household in Springfield spends around $680 a year on electricity alone, so you could gain that much in savings.
• The model of solar panels you can afford: This depends on your income and budget.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your current power bills.

Solar Incentives in Springfield

Adopting solar power has many considerable benefits. Not only can it help protect the Earth, but you can also save some money on your installation with various government incentives. There are several federal, state and local rebates and tax credits that earn anywhere from 26% to 50% of your money in return after buying a qualifying system. In the table below, 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? In a city like Springfield where commute times can be pretty long, using solar power can help help reduce the carbon footprint of driving a lot. In Springfield, the average resident can reduce their carbon footprint by 60 pounds a year once they go solar. Since energy from the sun is abundant and produces electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help protect the planet.