13 Best Solar Companies in Hamlet, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Hamlet

We understand that for many homeowners, the decision to invest in solar hinges on installation costs. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Energy consumption: Installing solar panels may be a high-cost option for households that don't use a good amount of energy each month.
• Incentives: One thing that can make your solar project cost less 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.
• Your income and budget: This shapes what kind of solar panels you can afford.
• Average daily sunlight: Since Hamlet gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which affects how much you can save on your energy bills.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, like the size of your house and your energy consumption.

Solar Incentives in Hamlet

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Hamlet

Making the switch to solar power is a profound way to do your part for a more sustainable future. You may be trying to figure out — how much do solar panels help the environment anyway? In Hamlet, where the energy generation can be rather dirty, going solar can have a big impact on the environment since solar power is an abundant source of clean energy. Although solar panel production emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Hamlet, you can reduce your carbon footprint by 60 pounds a year with solar panels. Since energy from the sun is plentiful and makes electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help protect the environment.