14 Best Solar Companies in Elizabeth City, NC (2023 Reviews)

The Cost and Benefits of Solar in Elizabeth City

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

• Typical energy usage: The more energy your household uses on average and the steeper your current energy bills are, the more likely you'll benefit from switching to solar.
• The amount of sunlight your roof gets: This, along with how your roof is set up, affects affect how much electricity your solar panels can make.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $19,000 over 20 years with your solar panels, too.

Solar is a rewarding investment for most homeowners. You can make your own energy instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping the environment.

Solar Incentives in Elizabeth City

Because solar power is better for the environment than traditional energy sources, there are a number of government incentives available to encourage its adoption. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. For detailed information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Elizabeth City

A lot of people want to do their part to help save the planet, which in many cases is the main reason they're interested in installing solar panels. But you may be wondering — how much exactly can you help the planet by using solar power? Everyone can help save the environment by switching to solar energy, but homes that use a lot of energy will have an even greater impact. While solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Elizabeth City, you can reduce your carbon footprint by 60 pounds a year with solar panels. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.