13 Best Solar Companies in Wayne, NJ (Feb 2023 Review)

The Cost and Benefits of Solar in Wayne

Even though solar panels can save you a decent chunk of change on power bills over time, it's important to consider the upfront costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• The type of solar panels you're thinking of getting: More efficient panels are more costly, so that will affect your budget for your solar project.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Your current electricity bills: Solar panels can significantly decrease, or totally get rid of, your utility bills. In Wayne, you can save an average of $58 a month.

So is a solar panel system worth it? Whether you hope to decrease your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many Wayne homeowners.

Solar Incentives in Wayne

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Wayne

One of the most compelling reasons to use solar energy is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. You may be curious — how much does making the switch help the planet anyway? How much energy you use is a significant factor to think about. The more energy you use, the greater your impact when you make the switch to solar power. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Wayne, you can reduce your carbon footprint by 50 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other perks beyond saving money. One of the major ones is that you can help save the environment too.