14 Best Solar Companies in Teaneck, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Teaneck

The cost of putting up a solar panel system has dropped significantly in the past few years, but it's still a substantial investment for most homeowners. There are quite a few factors you should consider when trying to determine the overall cost and how much you can save, such as:

• The amount of sunlight your rooftop gets: Because of Teaneck's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• The type of solar panels you can buy: This is dependent on how much you're willing to invest upfront.
• 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 will help you save even more. Not including incentives, you can save an average of $15,000 over the first 20 years with your system, too.
• The cost of energy for you: If your local electricity rates are high, there's a good chance you'll have a higher return on your investment in a solar system. In Teaneck, you can save an average of $60 a month on your electricity bills.

Solar is a worthwhile investment for most homeowners. You can produce your own electricity instead of paying for it from a utility company and make use of solar incentives, all while helping protect the Earth.

Solar Incentives in Teaneck

Adopting solar power has plenty of wonderful benefits. Not only can it help preserve the environment, but you can also save a decent amount of money on your installation with various government incentives. These incentives typically take the form of cash rebates, tax credits and/or performance-based incentives. They can lower how much you pay for going solar by 30%, upwards of 50% depending on your location. For comprehensive information about incentives for homeowners in Teaneck, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Teaneck

Many want to do their part to help the planet, which often is the main reason they're interested in installing solar panels. You may be trying to figure out — how much does going solar help the environment anyway? Something that can dramatically influence your carbon footprint is your commute time and how much you drive generally. If you go solar and drive an electric car, you can vastly cut back on your carbon dioxide emissions by charging your car at home. In Teaneck, the average person can reduce their carbon footprint by 60 pounds a year once they go solar. As you can see, going solar has so many other benefits apart from saving money. One of the primary ones is that you can help save the environment too.