16 Best Solar Companies in Greenville, NC (2023 Reviews)

The Cost and Benefits of Solar in Greenville

Although solar panels can save you a decent chunk of change on power bills over time, it's important to know the upfront costs. A few key factors that determine the cost of installing a solar panel system on your home and how much it could save you over time include:

• Energy consumption: Installing a solar system may be a high-cost option for families that don't consume too much energy a month.
• Where your home is: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Your income and budget: This affects what kind of solar panels you can afford.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can give you an average of $18,000 of savings over 20 years.

Solar is a worthwhile investment for most homeowners. You can make your own energy instead of paying for it from the grid and benefit from solar incentives, all while helping protect the environment.

Solar Incentives in Greenville

In order to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar power more financially viable and accessible. These incentives mostly include cash rebates, tax benefits and/or performance-based incentives. They can cut the cost of installing solar panels by 30%, upwards of 50% depending on where you live. For more information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Greenville

Replacing nonrenewable energy with solar power is a profound way to do your part for a greener future. You may be curious — how much do solar panels help the planet anyway? Switching to solar energy for electricity rather than using nonrenewable energy is a great way to lower your carbon footprint if you want to help reduce Greenville's sizable level of greenhouse gas emissions. After you go solar, your carbon footprint can be lowered by about 60 pounds a year. If you care about the environment, you'll most likely recognize that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.