18 Best Solar Companies in Laurinburg, NC (Aug 2022 Review)

The Cost and Benefits of Solar in Laurinburg

For a lot of homeowners, whether or not to invest in solar panels depends the most on the cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $19,000 over the first 20 years with your system, too.
• How much energy costs for you: The average household in Laurinburg spends around $1,400 a year on energy use alone, so you could end up with that much in savings.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets plenty of sunlight.
• Energy consumption: Installing a solar system may be too steep of an option for households that don't consume a good amount of energy a month.

There are lots of wonderful benefits of solar despite the initial cost of installation. It can help the Earth and your wallet. Additionally, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Laurinburg

Because solar power is a cleaner source of energy than fossil fuels, there are some government incentives in place to encourage people to make the switch. When you install a solar panel system on your home, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 26% of the cost of your solar panels. In addition, there are often some regional incentives that you can use to further save. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Laurinburg

Going solar can have a meaningful effect on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Laurinburg, though. How much energy you use is a key factor to consider. The more power your household consumes, the larger your impact when you go solar. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. As you can see, trading traditional energy for solar has so many other perks outside of saving money. One of the main ones is that you can help save the planet too.