13 Best Solar Companies in Wayne, NJ (Oct 2022 Review)

The Cost and Benefits of Solar in Wayne

For the majority of homeowners, whether or not to invest in solar energy boils down to the cost. The overall price and potential savings vary depending on a few important factors such as:

• 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 can help you save even more. Excluding incentives, you can save an average of $14,000 over the first 20 years with your solar panels, too.
• Where your home is: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• Your current electricity bills: Solar panels can significantly decrease, or entirely eliminate, your utility bills. In Wayne, you can save an average of $58 a month.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

Solar is a rewarding investment for most homeowners. You can make your own electricity instead of paying for it from the grid and make use of solar incentives and rebates, all while helping protect the planet.

Solar Incentives in Wayne

One of the great things about installing a solar panel system is receiving incentives from the government. There are quite a few federal, state and local rebates and tax credits that earn a decent amount of money in return after paying for a qualifying system. Take a look at the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Wayne

One of the most compelling reasons to use solar energy is to minimize your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. But how much can using solar energy instead of traditional energy actually help the environment? No matter where you are, you can help save the environment by switching to solar energy, but homes that consume a lot of energy will have an even bigger impact. In Wayne, the average homeowner can reduce their carbon footprint by 50 pounds a year after going solar. 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 Earth too.