17 Best Solar Companies in Morrisville, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Morrisville

We understand that for most homeowners, the choice to invest in solar depends on installation costs. The cost and possible savings vary depending on some important factors such as:

• Typical energy usage: The more electricity your household uses on average and the greater your current electricity bills are, the more benefits you'll see from making the switch to solar.
• The amount of sunlight your roof gets: Due to Morrisville's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $17,000 over the first 20 years with your solar system, too.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the angle of your roof and your local electricity rates.

Solar Incentives in Morrisville

Although installing solar panels is typically a large investment, it can save you much money over the lifespan of your solar panels due to lower energy bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other local incentives. The table below shows you the incentives you can take advantage of in Morrisville.

Environmental Impact of Switching to Solar in Morrisville

One of the best reasons to tap into solar power is to reduce your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. Something many people might be thinking about is how much can they really help protect the environment by going solar anyway? The more energy your house uses, the better off the planet will be from you switching to solar as you won't need to burn as many fossil fuels. Once you go solar, your carbon dioxide emissions can be reduced by about 60 pounds each year. The perks of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with committing to solar.