15 Best Solar Companies in Hampstead, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Hampstead

When deciding on a solar company, most homeowners or business owners worry about the costs above all. Some significant things that affect the upfront cost and potential savings over time include:

• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your power bills, which can lead to an average of $18,000 of savings over 20 years.
• Electricity consumption: The average home in Hampstead uses a lot of energy, and therefore may see more savings on electricity bills than other places.
• Average daily sunlight: Since Hampstead gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.

Solar is a worthwhile investment for most homeowners. You can produce your own electricity instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping preserve the planet.

Solar Incentives in Hampstead

There are many good reasons why adopting solar power is beneficial. One of them involves some government incentives that can help save you some money. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can use to further cut back on the cost of solar of solar panels. In the table below, you can read about the incentives you qualify for in Hampstead.

Environmental Impact of Switching to Solar in Hampstead

One of the most compelling reasons to use solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. A question many homeowners might be wondering about is how much can they really help protect the environment by switching to solar power anyway? The more power you use, the the more the environment will benefit when you switch to solar as you won't need to use as much nonrenewable energy. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. Since energy from the sun is renewable and makes electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help the environment.