17 Best Solar Companies in Locust, NC (Sep 2022 Review)

The Cost and Benefits of Solar in Locust

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your panels. Some important factors that influence the cost of installing solar panels on your home and how much it could save you over time include:

• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your energy bills, which can result in an average of $18,000 of savings over 20 years.
• The kind of solar panels you're planning on getting: Some cost more, so that will determine your budget for your solar project.
• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to generate as much energy, which will give you lower savings on electricity bills than a house with a roof that gets plenty of sunlight.
• How much power your home consumes: Households that consume a lot of electricity each month may call for more solar panels and, as a result, be more expensive, but will also enjoy more savings over time.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, like the kind of solar panels you get and your current power bills.

Solar Incentives in Locust

There are several reasons why you should switch to solar. One of them involves some government incentives that can save you money. When you install a solar panel system on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there may often be some state and city incentives that you can use to further save. In the table below, you can find out about the incentives you qualify for in Locust.

Environmental Impact of Switching to Solar in Locust

Installing solar panels is a great way to do your part for a greener future. Something many homeowners might be wondering about is how much can they really help save the environment by switching to solar power anyway? One thing that can dramatically influence your carbon footprint is your commute time and how much you drive generally. If you go solar and have an electric car, you can vastly cut back on your carbon dioxide emissions by charging your car at home. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.