13 Best Solar Companies in Elkin, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Elkin

When choosing a solar company, most homeowners or business owners wonder about the costs above all. Some important factors that determine how much it will cost to install solar panels on your home and how much it could save you over time include:

• The type of solar panels you can buy: This is dependent on what your budget is.
• The amount of sunlight your rooftop gets: Due to Elkin's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• How much power your household consumes: Homes that need lots of energy each month may require more solar panels and, consequently, more upfront cost, but will also enjoy more savings over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $19,000 over 20 years with your system, too.

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

Solar Incentives in Elkin

Since solar power is better for the environment than traditional energy sources, there are several government incentives in place to encourage its adoption. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly pair the ITC with other local incentives. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Elkin

There are a few important reasons why homeowners are interested in solar energy: to put more money in their bank account and to help the planet. But you may be wondering — how much exactly can you help the environment by making the switch to solar? The amount of energy you use is an important factor to think about. The more electricity your home uses, the larger your impact when you switch to solar energy. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. The benefits of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with committing to solar.