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

The Cost and Benefits of Solar in Asheboro

Even though solar panels can save you a decent chunk of change on electricity bills over time, it's important to take into consideration the startup costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your utility bills over 20 years not including incentives.
• Typical energy usage: The more electricity your home uses on average and the larger your current electricity bills are, the more benefits you'll see from going solar.
• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar system won't be able to make as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets lots of sunlight.
• The model of solar panels you're thinking of getting: Some cost more, so that will affect your budget for your solar project.

Thanks to solar panels decreasing in cost as well as local and federal solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Asheboro

Although installing solar panels is typically a large investment, it can save you a substantial amount of money over the lifespan of your solar panels because of lower utility bills and government incentives. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. In the table below, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Asheboro

Making the switch to solar power is a powerful way to do what you can for a greener future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Asheboro, though. If your household uses lots of energy, you can have an even greater impact on the planet by switching to solar energy. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. As you can see, going solar has so many other benefits beyond saving money. One of the main ones is that you can help save the Earth too.