18 Best Solar Companies in High Point, NC (Jun 2022 Review)

The Cost and Benefits of Solar in High Point

When choosing a solar company, most homeowners or business owners worry about the costs above all. The cost of solar and the savings it generates vary depending on some key factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total 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.
• Energy consumption: Installing solar panels may be a high-cost option for households that don't consume too much energy per month.
• Your city: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• The type and model of solar panels you want: More efficient models are more costly, so that will influence your budget for your solar project.

Thanks to solar panels now being cheaper than ever as well as several solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in High Point

To increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 26% of your project costs on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. In the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in High Point

One of the best reasons to switch to solar energy is to cut your reliance on traditional energy sources like burning fossil fuels, which are damaging for the environment. But you may be wondering — how much exactly can you help the planet by going solar? If your home consumes lots of energy, you can help the environment even more by switching to solar power. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 60 pounds each year. As you can see, using solar power has so many other rewards besides saving money. One of the major ones is that you can help save the Earth too.