15 Best Solar Companies in Wanamassa, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Wanamassa

For lots of homeowners, the decision to invest in a solar energy system depends the most on the cost. There are several factors you should take into consideration when trying to determine costs and your potential savings, including:

• Choice of solar panels: The type of solar panels you need 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 you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• The amount of sunlight your area gets: Because of Wanamassa's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Incentives: Something that can reduce the cost of your solar project 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 on your utility bills, which can give you an average of $14,000 of savings over 20 years.
• Typical energy usage: The more power your household uses on average and the greater your current power bills are, the more likely you'll benefit from making the switch to solar.

Thanks to solar panels decreasing in cost as well as local and federal solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Wanamassa

There are lots of reasons why going solar is a great investment. One of them involves some government incentives you can take advantage of. Regardless of what state you live in, 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 when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. For comprehensive information about incentives for homeowners in Wanamassa, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Wanamassa

One of the best reasons to embrace solar power is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. Something many homeowners might be asking themselves is how much can they really help the environment by switching to solar power anyway? If your family uses a lot of energy, you can help the environment even more by switching to solar power. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. As you can see, trading traditional energy for solar has so many other benefits outside of saving money. One of the main ones is that you can help save the planet too.