13 Best Solar Companies in Elon, NC (Aug 2022 Review)

The Cost and Benefits of Solar in Elon

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to set up your panels. There are several factors you should take into consideration when trying to figure out costs and your potential savings, including:

• Energy consumption: Installing solar panels may be an expensive option for families that don't need too much energy per month.
• The amount of sunlight your area gets: Thanks to Elon's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: Those who buy and install a solar system this year can save 26% of their overall solar costs by using the federal solar investment tax credit. You can also save about $18,000 on your electricity bills over 20 years excluding incentives.

So is buying solar panels worth it? Whether you hope to reduce your electric bills, greenhouse gas emissions or both, solar panels are a solid investment for many Elon homeowners.

Solar Incentives in Elon

Although a solar power system is typically a big investment, it can save you a lot of money over many years because of lower energy bills and government incentives. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. In the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Elon

One reason so many consider installing solar panels is to help reduce their environmental impact. You may be wondering — how much does making the switch help the planet anyway? In Elon, where the energy generation can be rather dirty, going solar can have a huge impact on the planet since solar power is a renewable source of energy. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. The benefits of solar power are infinite — just like solar power is! That's why so many Elon residents have been happy with using solar energy.