14 Best Solar Companies in Mount Holly, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Mount Holly

We know that for many homeowners, the decision to invest in solar comes down to installation costs. The cost and possible savings vary depending on a few key factors such as:

• Electricity consumption: The average home in Mount Holly uses a lot of energy, and consequently may see more savings on electricity bills than other places.
• Your city: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can use. In addition, you can save about $17,000 over 20 years on your utility bills, not including incentives.
• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

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

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 the table below, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Mount Holly

There are lots of reasons to make the switch to solar energy, like saving some money on utility bills and helping to lower your carbon footprint. Something many might have in mind is how much can they really help preserve the environment by going solar anyway? How much energy you use is a key factor to think about. The more power your home uses, the larger your impact when you go solar. In Mount Holly, the average resident can lower their carbon footprint by 60 pounds a year once they go solar. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.