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Best 5 Solar Companies in Parsippany-Troy Hills, NJ
The best solar company in Parsippany-Troy Hills is SunPower.
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- Updated 2024-04-18 00:00:00
With Parsippany-Troy Hills' clear skies and little rainfall, it's a great area for homeowners and businesses seeking to harness the extra sunlight by purchasing panels from one of the best solar companies. Local homeowners might consider solar to break free of high power costs from sources like natural gas. A skilled team can help you install and tune a system that fulfills your energy needs without being too expensive. On this page, we'll showcase Parsippany-Troy Hills' leading solar contractors and offer expert advice for your solar journey.
5 Best Solar Companies in Parsippany-Troy Hills
Brands are algorithmically curated from a database of local service providers near you. We require a minimum number of Google reviews and average ratings for provider inclusion.
SunPower
Ratings are based on our detailed proprietary methodology and review standards.
Kamtech Solar Solutions
Ratings are based on our detailed proprietary methodology and review standards.
SunPower by New York State Solar Farm
Ratings are based on our detailed proprietary methodology and review standards.
Sunrun Solar
Ratings are based on our detailed proprietary methodology and review standards.
PaneltheEarth LLC
Ratings are based on our detailed proprietary methodology and review standards.
Ranking Methodology
We evaluated dozens of Parsippany-Troy Hills solar companies, using the following criteria to choose the finest:
- Educational programs and business model: Solar technicians must be excellent teachers. They should utilize their years of experience answer your questions on how to look after your system and improve its performance.
- Warranty and service offerings: Solar companies should stand behind their systems and services with warranties. We evaluated how each contractor responds to issues and warranty claims, focusing on timeliness and customer happiness.
- Certifications and credentials: Each company on our list complies with state and city licensing requirements and stays up to date with industry best practices. Many of them have been a part of the Parsippany-Troy Hills community for over 15 years.
- Reviews and feedback from customers: Most Parsippany-Troy Hills solar companies have both positive and critical reviews. However, a good review ratio indicates a company's trustworthiness and responsiveness to issues.
- Panel quality and brand offerings: The top solar companies stay up-to-date with new technology, offering equipment from reliable, innovative manufacturers.
Facts about Parsippany-Troy Hills
- Average Max Temperature:58°F
- Solar Payback Period:17 years
- Average Daily Sunlight:53%
- Homes Powered by Solar:1,200
- Average Annual Energy Bill:$1,059
- Solar Power per Capita:88.7%
Benefits of Solar Energy
Solar energy provides multiple advantages. Let's look at a few of them.
- Reduced carbon footprint: Using clean solar power lowers your dependence on fossil fuels, which release greenhouse gases that damage the environment.
- Lowered energy bills: You can skip the premium cost of grid-tied power by generating some electricity at home. Plus, many states provide net metering which can allow you to sell your unused energy back to credit part of your bill.
- Better energy independence: Adding a battery storage system lets you have reliable energy during storms and grid outages.
What Solar Incentives Are Available to Parsippany-Troy Hills Homeowners?
New Jersey's public agencies and power companies offer several solar incentives to help cut your solar system costs. Here is a breakdown of available solar programs where you live.
Incentive Type:Sales Tax Incentive
Incentive Amount:
100% exemption
Incentive Type:Performance-Based Incentive
Website:https://www.njcleanenergy.com/renewable-energy/programs/susi-program
Incentive Amount:
Net-Metered Residential: $90/SREC-II
Small Net-Metered Non-Residential located on Rooftop, Carport, Canopy and Floating Solar
Projects smaller than 1 MW (dc): $100/SREC-II, $120 for public entities
Projects 1 MW to 5 MW (dc): $90/SREC-II, $110 for public entities
Net Metered Non-Residential Ground Mount
Projects smaller than 1 MW (dc): $85/SREC-II, $105 for public entities
Projects 1 MW to 5 MW (dc): $80/SREC-II, $100 for public entities
Community Solar LMI: $90/SREC-II
Community Solar Non-LMI: $70/SREC-II
Incentive Type:Property Tax Incentive
Incentive Amount:
100% of value added by renewable system
Incentive Type:Solar Renewable Energy Credit Program
Incentive Amount:
Determined by the market.
In June 2016, SREC traded at an average price of $229.90.
Incentive Type:Rebate Program
Website:http://www.njcleanenergy.com/residential/programs/nj-energy-star-homes/nj-energy-star-homes
Incentive Amount:
Incentives depend on the HERS score and the classification
Single family homes: Ranges from $1,125 to - 24,250
Multi-single homes: Ranges from $1,125 to $18,188
Multifamily homes: Ranges from $625-$12,125
Incentive Type:Rebate Program
Incentive Amount:
Rebates
Single family : $2,000 to $4,000
Multi-family : $500-$1,500 per unit
Rebates for single family and multi-family should not exceed 50% of the cost of the measures used to calculate total estimated savings (TES)
See table below for details
Loans
Single-family: $5,000 (Tier II) or $10,000 (Tier III)4.99% interest loans up to $15,000 (where utility 0% financing is unavailable)
Incentive Type:Rebate Program
Website:http://NJCleanEnergy.com/Cool
Incentive Amount:
Central AC: Tier 1 $300(Tier 1), $500 (Tier 2)
Ductless Mini Split A/C or Heat Pump: $500
Air Source Heat Pump: $300 (Tier 1), $500(Tier 2)
Geothermal Heat Pump: $500
Incentive Type:Rebate Program
Incentive Amount:
Residential Electric Customers (including municipal utility customers):
Solar Hot Water Heater: $1,200
Heat Pump Water Heater: $500
Geothermal Heat Pump: $500
Air-Source or Ductless Mini-Split Heat Pump: $300- $500
Residential Gas Customers (including propane):
Gas Furnace: $250- $500
Gas Boiler: $300
Gas Water Heater: $300
Solar Hot Water Heater: $1,200
Oil Heating Customers:
Oil Furnace: $250
Oil Boiler: $300
Combination Rebate
Boiler and Water Heater Combination Rebate: $700
Furnace and Water Heater Combination Rebate: $700- $950
Incentive Type:Rebate Program
Website:http://www.njcleanenergy.com/renewable-energy/programs/renewable-energy-incentive-program
Incentive Amount:
$900,000 or 30% of the cost per project, which ever is less
Incentive Type:Personal Tax Credit
Website:https://www.ecowatch.com/solar/ev-appliance-solar-tax-credit-calculator
Incentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Parsippany-Troy Hills
The cost and performance of solar panels often depend on the provider that installed them. Here are some essential aspects to remember while shopping for a solar specialist.
Licensing and Training
Licensing requirements mean that your New Jersey solar installation team may have a variety of different professionals, including a master plumber for piping work and an electrician for wiring work. The master-level professionals on the team will also pull permits for the job. You should also visit a company's website to learn about its private accreditations. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, backed by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.
Cost of Solar Panels in Parsippany-Troy Hills
Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
If you need to charge an electric car or use your solar power in dark weather, you can pay extra for add-ons. By selecting the right components, you can make your system more effective and convenient to use. Not all solar providers offer these additional features, so look for a provider that sells them if it's essential for you.
Generally speaking, it costs about $17,650 for a five-kilowatt solar array in Parsippany-Troy Hills. This table lists more specific costs for different solar panel types and system components in your area.
Solar Panel Cost | Average Cost |
---|---|
Solar Monocrystalline | $1,192.86 |
Solar Polycrystalline | $930.43 |
Thin-Film | $543.94 |
Solar Battery | $763.43 |
Solar Home EV Charger | $2,862.86 |
Financing Solar Energy in Parsippany-Troy Hills
Solar installers offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are solar leases, cash payments, power purchase agreements (PPAs) and solar loans. Most solar experts recommend a cash payment or using a solar loan. Cash payments require a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving solar incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Much like a home or auto loan, you'll pay a set monthly rate with potentially $0 down. Solar leases let you rent your panels for a set monthly rate, while PPAs let you pay only for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. Ask each business you're vetting about the financing options it offers. A team member can help you determine the best option for your budget.
The table below lists the average payback periods for different capacities of solar systems in Parsippany-Troy Hills.
You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. Municipal and state governments and utility companies might also offer rebates, discounts, and unique financing solutions that could save you more.
Solar System Capacity | Estimated Payback period |
---|---|
1 kW | 2.8 years |
2 kW | 5.6 years |
5 kW | 14.1 years |
10 kW | 28.2 years |
Frequently Asked Questions about Solar in Parsippany-Troy Hills
Most Parsippany-Troy Hills homeowners spend about $1,059 on energy each year. Your costs could drop by $723.10 for each kilowatt you generate after you pay off a solar array.
Yes, solar energy is readily available in Parsippany-Troy Hills. A growing number of local homes generate or access solar power on-site or through utility grids, and New Jersey has about 6225 jobs making up its solar economy.
Yes, a solar PV system will increase your property value. According to the National Renewable Energy Laboratory (NREL), for every dollar you reduce on energy bills, your home value rises by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.
Modern solar installations are built to last. The average model provides 25 years of reliable power. Cheaper panels tend to have shorter lifespans than premium models.
Your solar job's duration will depend on its complexity and size, as well as Parsippany-Troy Hills' permit and inspection procedures. It could take two weeks to a few months on average.
The average Parsippany-Troy Hills solar system size is 4.8 kilowatts (kW). However, your final system size depends on your family's power consumption. Your roof size, panel model, and surrounding shading could also impact your final result. A professional solar contractor will consider these factors and determine the right system size for your home.
After you sign a power purchase agreement, your solar company will not charge to install or maintain your new panel array. Instead, you'll pay them only for the electricity you generate. Typically, PPAs last for 10–25 years or until you "buy out" of the contract.
If you choose a lease, you'll make fixed monthly payments.
With both leases and PPAs, you do not own your panels and lose eligibility for some incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.
Sources
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