16 Best Solar Companies in Boiling Spring Lakes, NC (Feb 2023 Review)

The Cost and Benefits of Solar in Boiling Spring Lakes

For lots of homeowners, whether or not you should invest in solar energy comes down to the cost. Some key factors that influence the cost of installing solar panels on your home and how much it could save you over time include:

• Energy consumption: Installing solar panels may be a high-cost option for families that don't need a lot of energy a month.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. Additionally, you can save about $20,000 over 20 years on your utility bills, without incentives.
• The type and model of solar panels you're thinking of getting: Higher-efficiency panels are more expensive, so that will influence your budget for your solar project.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will give you lower savings on electric bills than a house with a roof that gets a lot of sunlight.

There are many wonderful benefits of solar in spite of the initial cost of installation. It can help the environment and your bank account. Plus, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Boiling Spring Lakes

There are many good reasons why you should switch to solar. One of them involves some government incentives you can take advantage of. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Boiling Spring Lakes

An important reason so many people consider installing solar panels is to help reduce their environmental impact. A question many homeowners might be thinking about is how much can they really help save the environment by switching to solar power anyway? How much energy you use is a key factor to consider. The more energy your household consumes, the larger your impact when you make the switch to solar power. Although solar panel production emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Boiling Spring Lakes, you can reduce your carbon footprint by 70 pounds a year with solar panels. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.