11 Best Solar Companies in Asheboro, NC (Jun 2022 Review)

The Cost and Benefits of Solar in Asheboro

The cost of putting up solar panels has decreased significantly in the past several years, but it's still a large investment for most homeowners. There are a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, including:

• The amount of sunlight your area gets: Thanks to Asheboro's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more 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.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 26% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Electricity consumption: The average household in Asheboro uses a lot of energy, and so may see more savings on electricity bills than other places.

So is buying solar panels worth it? Whether you're trying to lower your energy bills, carbon emissions or both, solar panels are a worthwhile investment for many Asheboro homeowners.

Solar Incentives in Asheboro

To increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar more economical and accessible. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 26% of the cost of your solar panels. Plus, there are often some local incentives that you can use to further save. In the table below, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Asheboro

An important reason so many homeowners are thinking of adopting solar energy is to help reduce their environmental impact. But how much can using solar energy instead of traditional energy actually affect the environment? In a city like Asheboro where energy use is particularly high, switching to solar energy is a great plan for those who are eco-conscious. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. Since solar energy is abundant and produces electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help the environment.