15 Best Solar Companies in Midland, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Midland

Although solar panels can help save you a decent chunk of change on electricity bills over time, it's necessary to take into consideration the startup costs. Some important factors that dictate the cost of installing solar panels on your home and how much it could save you over time include:

• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• How much energy you use: If your household regularly uses a lot of energy, you'll see more savings from installing solar panels.
• Average daily sunlight: Since Midland gets lots of sunlight, your solar panel system will most likely be able to produce 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 everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $18,000 over 20 years on your energy bills.

Thanks to the cost of solar panels being lower than before as well as several solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Midland

There are lots of reasons why you should switch to solar. One of them consists of some government incentives you can take advantage of. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city rebates and benefits. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Midland

Swapping traditional energy for solar is a compelling way to do your part for a more sustainable future. But — how much exactly can you help the environment by going solar? How much energy you use is a significant factor to keep in mind. The more electricity your home uses, the bigger your impact when you switch to solar energy. In Midland, the average homeowner can reduce their carbon footprint by 60 pounds a year after going solar. As you can see, using solar power has so many other benefits beyond saving money. One of the most important ones is that you can help save the Earth too.