14 Best Solar Companies in Oxford, NC (2023 Reviews)

The Cost and Benefits of Solar in Oxford

For lots of homeowners, whether or not you should invest in solar energy comes down to the cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Typical energy usage: The more electricity your household uses on average and the larger your current electricity bills are, the more benefits you'll see from switching to solar.
• The type of solar panels you're planning on getting: More efficient models cost more, so that will influence your budget for your solar project.
• Your city: This influences how much sunlight your roof receives, which helps determine how many panels you need.

Solar is a fruitful investment for most homeowners. You can generate your own power instead of paying for it from a utility company and take advantage of solar incentives and rebates, all while helping preserve the Earth.

Solar Incentives in Oxford

In an effort to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar more economical and accessible. There are several federal, state and local rebates and tax credits that may earn you some money in return after paying for a solar panel system. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Oxford

There are lots of reasons to make the switch to solar energy, like saving some money on electricity bills and helping to reduce your carbon footprint. But how much can using solar energy instead of traditional energy actually help the environment? The more energy you use, the the more the environment will benefit if you switch to solar as you won't have to burn as many fossil fuels. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. The good things about solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with using solar energy.