15 Best Solar Companies in Waldwick, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Waldwick

The cost of putting up a solar panel system has dropped greatly over the past few years, but it's still a significant investment for most homeowners. There are a few factors you should consider when trying to figure out the overall cost and how much you can save, including:

• Incentives: One thing 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 money on your utility bills, which can lead to an average of $15,000 of savings over 20 years.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Where your home is: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• How much you spend on energy: The average family in Waldwick pays around $720 a year on energy alone, so you could end up with that much in savings.

So is a solar system worth it? Whether you want to reduce your electricity costs, greenhouse gas emissions or both, solar panels are a good investment for many Waldwick homeowners.

Solar Incentives in Waldwick

Adopting solar power has many wonderful benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. Our article on solar incentives has more detailed information on the incentives you can benefit from in Waldwick.

Environmental Impact of Switching to Solar in Waldwick

One of the best reasons to use solar power is to reduce your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. You may be curious — how much does making the switch help the environment anyway? The more energy your family uses, the the more the environment will benefit from you switching to solar as you won't need to burn as many fossil fuels. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. Since solar energy is plentiful and produces electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help preserve the planet.