12 Best Solar Companies in Lexington, NC (Aug 2022 Review)

The Cost and Benefits of Solar in Lexington

We know that for most homeowners, the decision to invest in solar depends on installation costs. Some significant things that influence the cost and possible savings include:

• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Average daily sunlight: Since Lexington gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 26% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• How much power your home consumes: Households that consume lots of electricity each month may call for more solar panels and, as a result, more upfront cost, but will also benefit more over time.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a solid investment for most homeowners.

Solar Incentives in Lexington

Because solar power is more sustainable than fossil fuels, there are a number of government incentives available to encourage people to make the switch. When you install solar panels on your house, you can claim 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 may often be some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Lexington

A lot of people want to do what they can to help save the planet, which often is the main reason for installing a solar system. You may be asking yourself — how much do solar panels do for the environment anyway? In a city like Lexington where energy use is particularly high, going solar is a good plan for households who want to do their part for the environment. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. The great things about solar power are plentiful — just like solar power is! That's why so many Lexington residents have been happy with making the switch to solar.