17 Best Solar Companies in Woodcliff Lake, NJ (Mar 2023 Review)

The Cost and Benefits of Solar in Woodcliff Lake

For many people considering switching to solar, the decision of which solar company to hire depends on prices. The cost and possible savings vary depending on a few key factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $15,000 over 20 years with your solar panels, too.
• Your city: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• How much energy costs for you: If your local electricity rates are high, there's a good chance you'll end up with a higher return on your investment in solar panels. In Woodcliff Lake, you can save an average of $60 a month on your electricity bills.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Woodcliff Lake

Since solar power is a cleaner source of energy than burning fossil fuels, there are a number of government incentives in place to encourage people to make the switch. On top of the federal solar investment tax credit, there are also some state- and city-level benefits, which in most cases, stack with the federal incentive, so you can save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Woodcliff Lake

One of the most compelling reasons to use solar power is to cut your reliance on traditional energy sources like burning fossil fuels, which are destructive for the environment. You may be wondering — how much do solar panels help the environment anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because 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 be looking at reducing your carbon dioxide emissions by about 60 pounds each year. Since solar power is abundant and makes electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help preserve the planet.