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

The Cost and Benefits of Solar in Laurinburg

Solar panels are powered by a free energy source — the sun — but to take advantage of this you must first pay to install your system. There are several factors you should take into consideration when trying to figure out costs and your potential savings, including:

• How much energy you use: If your household needs to use a lot of energy, you'll reap more rewards from going solar.
• Your location: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• The model of solar panels you're planning on getting: More high-tech panels have higher prices, so that will affect your budget for your solar project.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Additionally, you can save about $19,000 over 20 years on your utility bills, before factoring in incentives.

There are many wonderful benefits of solar in spite of the upfront cost of installation. It can help the environment and your bank account. Plus, 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

Adopting solar power has lots of wonderful benefits. Not only can it help preserve the planet, but you can also save some money on your installation with various government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially use the ITC with other local rebates and benefits. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Laurinburg

Going solar can have a meaningful impact on the environment. You may be asking yourself — how much does making the switch do for the environment anyway? Everyone can help save the planet by switching to solar energy, but homes that consume more energy will have a greater impact. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. Since solar power is renewable and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help the environment.