14 Best Solar Companies in Canton, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Canton

The cost of putting up a solar panel system has dropped immensely over the past few years, but it's still a large investment for most homeowners. A few main factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time are:

• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Your energy consumption: If your home needs to use a lot of energy, you'll see more savings from switching to solar.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Average daily sunlight: Since Canton gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much you can save on your energy bills.

So is installing solar panels worth it? Whether you hope to decrease your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many Canton homeowners.

Solar Incentives in Canton

In an effort to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more economical and accessible. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other local incentives. Check out our article on solar incentives to see what incentives are available to you.

Environmental Impact of Switching to Solar in Canton

There are lots of reasons to switch to solar energy, like saving money on utility bills and helping to reduce your carbon footprint. But you may be wondering — how much exactly can you help the planet by going solar? How much energy you use is an important factor to think about. The more electricity you use, the larger your impact when you go solar. While making solar panels emits carbon dioxide, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Canton, you can reduce your carbon footprint by 60 pounds a year with solar panels. If you want to do your part for the environment, you'll no doubt get that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.