16 Best Solar Companies in Lumberton, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Lumberton

We get that for most homeowners, the choice to invest in solar comes down to installation costs. Some key things that affect the cost and possible savings include:

• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $19,000 on your energy bills over 20 years excluding incentives.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• How much power your home consumes: Homes that need plenty of electricity each month may require more solar panels and, as a result, more upfront cost, but will also enjoy more savings over time.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

There are several great benefits of solar in spite of the initial cost of installation. It can help the planet and your wallet. In addition, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Lumberton

If you're considering making the switch to solar energy, a variety of government incentives and subsidies can dramatically bring down your project costs and expedite the return on your investment. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there are often some local incentives that you can use to further save. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Lumberton

Installing solar panels can have a positive impact on the environment. But how much can using solar energy instead of traditional energy actually help the environment? The more power your family uses, the better off the planet will be if you switch to solar since you won't need to rely on traditional energy sources as much. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. Since solar power is renewable and generates electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help preserve the planet.