18 Best Solar Companies in Lake Royale, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Lake Royale

Although solar panels can help save you money on power bills over time, it's necessary to take into consideration the upfront costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. Plus, you can save about $19,000 over 20 years on your utility bills, before factoring in incentives.
• System size and type: Some models are more expensive than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• The amount of sunlight your home gets: Because of Lake Royale's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Energy consumption: Installing a solar system may be an expensive option for households that don't use a lot of energy a month.

Due to solar panels now being cheaper than ever as well as local and federal solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Lake Royale

Adopting solar power has lots of considerable benefits. Not only can it help preserve the environment, but you can also save some money on your installation with various government incentives. These incentives usually take the form of cash rebates, tax credits and/or solar renewable energy credits. They can reduce the cost of going solar by 30%, upwards of 50% depending on where you live. For more information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Lake Royale

Replacing nonrenewable energy with solar power is a profound way to do your part for a more eco-friendly future. A question many might be thinking about is how much can they really help protect the environment by going solar anyway? Your energy usage is a significant factor to consider. The more power your home uses, the greater your impact when you make the switch to solar power. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. The perks of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with making the switch to solar.