17 Best Solar Companies in Apex, NC (Jun 2022 Review)

The Cost and Benefits of Solar in Apex

The cost of installing a solar panel system has gone down significantly over the past few years, but it's still a large investment for most homeowners. There are quite a few factors you should consider when determining costs and your potential savings, including:

• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Your income and budget: This shapes what model of solar panels you can purchase.
• How much energy your household consumes: Households that use plenty of power each month may need more solar panels and, as a result, more upfront cost, but will also benefit more over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total installation cost, your 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 $17,000 over the first 20 years with your solar system, too.

Thanks to solar panels now being cheaper than ever as well as various solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Apex

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over time because of lower power bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially use the ITC with other local rebates and benefits. In the table below, you can see the incentives you qualify for in Apex.

Environmental Impact of Switching to Solar in Apex

There are a few important reasons why people are considering solar energy: for the financial and environmental benefits. But how much can installing solar panels actually help the environment? In a city like Apex where energy use is particularly high, switching to solar energy is a fantastic idea for homeowners who are eco-conscious. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 60 pounds each year. As you can see, investing in solar has so many other benefits outside of saving money. One of the primary ones is that you can help save the Earth too.