12 Best Solar Companies in Newark, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Newark

For many people considering switching to solar, the decision of which solar installer to hire comes down to total costs. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Your current electricity bills: Solar panels can noticeably reduce, or totally eliminate, your utility bills. In Newark, you can save an average of $53 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $14,000 over the first 20 years with your solar panels, too.
• Average daily sunlight: Since Newark gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your electricity bills will be.
• The type and model of solar panels you want: More efficient panels are more highly priced, so that will determine your budget for your solar project.

Because of the cost of solar panels being lower than before as well as local and federal solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Newark

One of the good things about installing a solar panel system is earning incentives from the government. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially use the ITC with other state and city incentives. For detailed information about incentives for homeowners in Newark, see the table below.

Environmental Impact of Switching to Solar in Newark

There are tons of reasons to make the switch to solar power, like saving some money on electricity bills and helping to lower your carbon footprint. But you may be curious — how much exactly can you help by using solar power? One thing to consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 20 pounds each year. The advantages of solar power are abundant — just like solar power is! That's why so many Newark residents have been happy with making the switch to solar.