16 Best Solar Companies in Chapel Hill, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Chapel Hill

For the majority of homeowners, whether or not you should invest in solar panels boils down to the cost. The cost of solar and the savings it generates vary depending on a few key factors such as:

• Incentives: The federal solar investment tax credit, which can save you some money, 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 $18,000 over 20 years on your energy bills.
• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• The make and model of solar panels you're thinking of getting: Higher-efficiency panels cost more, so that will determine your budget for your solar project.
• Energy consumption: Installing a solar system may be a high-cost option for households that don't consume too much energy a month.

Solar is a rewarding investment for most homeowners. You can make your own power instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping protect the planet.

Solar Incentives in Chapel Hill

In an effort to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more affordable and accessible. There are several federal, state and local rebates and tax credits that can earn you anywhere from 30% to 50% of your money in return after installing a solar panel system. In our article on solar incentives, you can find out about the incentives you qualify for in Chapel Hill.

Environmental Impact of Switching to Solar in Chapel Hill

One of the best reasons to embrace solar energy is to cut your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Chapel Hill, though. Everyone can help protect the planet by switching to solar energy, but homes that consume lots of energy will have an even greater impact. When you go solar, your carbon emissions can be reduced by about 60 pounds each year. If you want to do what you can for the environment, you'll no doubt get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.