13 Best Solar Companies in Lowell, NC (Sep 2022 Review)

The Cost and Benefits of Solar in Lowell

While solar panels can save you a decent chunk of change on power bills over time, it's important to know the startup costs. Some key things that determine the cost and possible savings include:

• Your energy consumption: If your family regularly uses a lot of energy, you'll reap more rewards from installing solar panels.
• The type of solar panels you can purchase: This hinges on how much you're willing to invest upfront.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panel system won't be able to generate as much energy, which will give you lower savings on electric bills than someone with a roof that gets a lot of sunlight.
• Incentives: Those who buy and install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your utility bills over 20 years not including incentives.

Solar is a profitable investment for most homeowners. You can make your own energy instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping preserve the planet.

Solar Incentives in Lowell

Although solar power is typically a large investment, it can save you much money in the long term due to lower power bills and government incentives. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can take advantage of to further save. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Lowell

If you want to add solar panels to your home, one of the major reasons why may be to reduce your carbon dioxide emissions. You may be curious — how much does making the switch help the planet anyway? If your household uses lots of energy, you can impact the environment even more by switching to solar power. In Lowell, the average homeowner can reduce their carbon footprint by 60 pounds a year after going solar. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.