14 Best Solar Companies in Mount Holly, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Mount Holly

For many people, the decision of which solar installer to hire comes down to total costs. A few important factors that determine the cost of installing a solar panel system on your home and how much money you could save over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $17,000 over the first 20 years with your system, too.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Electricity consumption: The average home in Mount Holly uses a lot of energy, and therefore may see more savings on electricity bills than other places.
• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to generate as much energy, which will leave you with lower savings on electricity bills than a roof that gets a lot of sunlight.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Mount Holly

If you're thinking about switching to solar energy, a variety of government incentives and state programs can immensely bring down the cost of the project and expedite the return on your investment. There are several federal, state and local rebates and tax credits that let you earn a decent amount of money in return after paying for a qualifying system. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Mount Holly

One of the most compelling reasons to use solar power is to decrease your dependence on traditional energy sources like burning fossil fuels, which are damaging for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Mount Holly, though. In a city like Mount Holly where energy use is particularly high, making the switch to solar power is a great idea for those who are eco-conscious. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. As you can see, investing in solar has so many other perks apart from saving money. One of the most important ones is that you can help save the environment too.