18 Best Solar Companies in Lenoir, NC (Jan 2023 Review)

The Cost and Benefits of Solar in Lenoir

For many people considering switching to solar, the decision of which solar company to choose comes down to costs. The overall price and potential savings vary depending on a few key factors such as:

• The type of solar panels you want to get: More efficient models cost more, so that will shape your budget for your solar project.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: Those who install a solar system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your electricity bills over 20 years excluding incentives.
• Electricity consumption: The average home in Lenoir uses a lot of energy, and consequently may see more savings on electricity bills than other places.

As a result of solar panels now being cheaper than ever as well as several solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Lenoir

One of the benefits of installing a solar panel system is earning incentives from the government. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city incentives. For detailed information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Lenoir

Installing solar panels can have a positive impact on the environment. But you may be wondering — how much exactly can you help the environment by making the switch to solar? The more power your house uses, the better off the planet will be when you switch to solar since you won't have to use as much nonrenewable energy. Once you go solar, your carbon emissions can be lowered by about 60 pounds a year. If you care about the environment, you'll likely recognize that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.