18 Best Solar Companies in Mills River, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Mills River

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to set up your system. Some key factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time include:

• Typical energy usage: The more energy your household consumes on average and the greater your current energy bills are, the more likely you'll benefit from going solar.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• Your city: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• The kind of solar panels you're planning on getting: Higher-efficiency panels have higher prices, so that will influence your budget for your solar project.

There are lots of great benefits of solar even with the upfront cost of installation. It can help the environment and your wallet. Plus, it can increase the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Mills River

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over time due to lower energy bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly pair the ITC with other state and city rebates and benefits. For comprehensive information about incentives for homeowners in Mills River, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Mills River

If you're considering adding solar panels to your home, one of the main reasons why may be to reduce your greenhouse gas emissions. You may be trying to figure out — how much does making the switch help the environment anyway? Everyone can help the planet by switching to solar energy, but homes that consume lots of energy will have a greater impact. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. The good things about solar power are abundant — just like solar power is! That's why so many Mills River residents have been happy with making the switch to solar.