18 Best Solar Companies in Grayson, GA (Jan 2023 Review)

The Cost and Benefits of Solar in Grayson

For lots of homeowners, whether or not to invest in a solar energy system depends the most on the cost. Some important factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time are:

• Your current electric bills: Solar panels can dramatically decrease, or completely eradicate, your utility bills. In Grayson, you can save an average of $110 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 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. Aside from incentives, you can save an average of $18,000 over the first 20 years with your solar panels, too.
• Your home's orientation toward the sun: This, and your roof configuration, affects affect how much energy your solar panels can produce.
• Choice of solar panels: The type 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.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, including the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Grayson

One of the good things about installing a solar panel system is earning federal and potentially state incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some local incentives that can save you some extra money too. Our article on solar incentives has more in-depth information on the incentives you can find in Grayson.

Environmental Impact of Switching to Solar in Grayson

Replacing nonrenewable energy with solar power is a good way to do your part for a cleaner and more sustainable future. You may be asking yourself — how much do solar panels help the planet anyway? Your energy usage is an important factor to think about. The more power you use, the greater your impact when you make the switch to solar power. In fact, if you adopt solar power, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.