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

The Cost and Benefits of Solar in Graham

For many people considering switching to solar, the decision of which solar installer to go with depends on costs. Some important factors that affect how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 26% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your income and budget: This shapes what type of solar panels you can purchase.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar system won't be able to produce as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets lots of sunlight.
• How much energy your home consumes: Households that consume lots of electricity each month may need more solar panels and, therefore, be more expensive, but will also enjoy more savings over time.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Graham

Because solar power is better for the environment than traditional energy sources, there are several government incentives available to encourage its adoption. These incentives normally take the form of cash rebates, tax breaks and/or solar renewable energy credits. They can lower the cost you pay for going solar by 26 to 50% in some cases. The table below lets you know about the incentives you can take advantage of in Graham.

Environmental Impact of Switching to Solar in Graham

Switching to solar energy can have a positive impact on the environment. But how much can switching to solar actually affect the environment? One thing you should consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. In Graham, the average person can reduce their carbon footprint by 60 pounds a year after going solar. If you care about the environment, you'll no doubt get that there are many good things about adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.