12 Best Solar Companies in Myrtle Grove, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Myrtle Grove

We get that for lots of homeowners, the choice to invest in solar comes down to installation costs. Some main factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time include:

• Your current power bills: Solar panels can dramatically decrease, or entirely eradicate, your utility bills. In Myrtle Grove, you can save an average of $107 a month.
• How much sunlight your roof gets: If your roof 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 energy bills than someone with a roof that gets lots of sunlight.
• average energy usage: The more energy your household consumes on average and the greater your current energy bills are, the more benefits you'll see from making the switch to solar.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $19,000 over 20 years on your energy bills.

There are lots of wonderful benefits of solar in spite of the initial cost of installation. It can help the Earth and your wallet. In addition, it can raise the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Myrtle Grove

If you're planning on making the switch to solar power, a variety of government incentives and tax credits can greatly lower the cost of the project and speed up the return on your investment. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. For detailed information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Myrtle Grove

There are lots of reasons to trade traditional energy for solar energy, like saving some money on utility bills and helping to lower your carbon footprint. But you may be wondering — how much exactly can you help by going solar? If your family uses a lot of energy, you can have an even greater impact on the planet by switching to solar power. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by considerably lowering the amount of CO2 you would have released if you still used traditional energy. In Myrtle Grove, you can reduce your carbon footprint by 70 pounds a year with solar panels. If you want to do your part for the environment, you'll likely find that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.