17 Best Solar Companies in Fuquay Varina, NC (Jun 2022 Review)

The Cost and Benefits of Solar in Fuquay Varina

While solar panels can help save you a decent chunk of change on energy over time, it's necessary to consider the upfront costs. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your overall 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 $17,000 over 20 years with your solar system, too.
• The amount of sunlight your city gets: Because of Fuquay Varina's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Your income and budget: This guides what type of solar panels you can get.
• average energy usage: The more electricity your household uses on average and the larger your current electricity bills are, the more benefits you'll see from switching to solar.

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

Solar Incentives in Fuquay Varina

To increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar more financially viable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city incentives. The table below gives you an idea of the incentives you can benefit from in Fuquay Varina.

Environmental Impact of Switching to Solar in Fuquay Varina

An important reason so many people consider installing solar panels is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Fuquay Varina, though. The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to think about what to do. Using solar power is one of the easiest things you can do to help. If you go solar, your carbon dioxide emissions can be lowered by about 60 pounds a year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.