16 Best Solar Companies in Upper Montclair, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Upper Montclair

Even though solar panels can save you a decent chunk of change on energy bills over time, it's important to consider the startup costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $14,000 over 20 years with your system, too.
• The kind of solar panel system you can afford: This is dependent on how much you're willing to spend upfront.
• How much you spend on energy: The typical family in Upper Montclair pays around $710 a year on home energy use alone, so you could end up with that much in savings.
• Your city: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.

Due to solar panels decreasing in cost as well as various solar incentives, they are a solid investment for most homeowners.

Solar Incentives in Upper Montclair

Because solar power is better for the environment than traditional energy sources, there are quite a few government incentives in place to encourage its adoption. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there are often some local incentives that you can take advantage of to further save. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Upper Montclair

If you're planning on adding solar panels to your home, one of the main reasons why may be to lower your carbon footprint. But you may be wondering — how much exactly can you help the environment by going solar? The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to think about what to do. Installing solar panels is one of the easiest things you can do to help. If you go solar, your carbon dioxide emissions can be cut by about 60 pounds every year. The good things about solar power are abundant — just like solar power is! That's why so many people have been happy with making the switch to solar.