16 Best Solar Companies in Boiling Spring Lakes, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Boiling Spring Lakes

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your panels. The cost of solar and the savings it generates vary depending on some important factors such as:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. In addition, you can save about $20,000 over 20 years on your utility bills, before factoring in incentives.
• 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 leave you with lower savings on energy bills than a house with a roof that gets lots of sunlight.
• System size and type: Some models are more expensive than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• How much energy your home consumes: Households that consume plenty of power each month may call for more solar panels and, as a result, be more costly, but will also save more on their energy bills over time.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, such as the size of your solar panel system and your energy consumption.

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 the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Boiling Spring Lakes

One of the reasons so many homeowners are considering going solar is to help lower their environmental impact. You may be wondering — how much does going solar do for the planet anyway? The more energy you use, the the more the environment will benefit when you switch to solar since you won't need to burn as many fossil fuels. While solar panel production emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have been responsible for if you still used traditional energy. In Boiling Spring Lakes, you can reduce your carbon footprint by 70 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other benefits apart from saving money. One of the main ones is that you can help save the Earth too.