18 Best Solar Companies in Raeford, NC (Jan 2023 Review)

The Cost and Benefits of Solar in Raeford

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your system. Some important factors that affect how much it will cost to install a solar panel system on your home and how much it could save you over time include:

• 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 various incentives that you can take advantage of. Plus, you can save about $18,000 over 20 years on your utility bills, not including incentives.
• The kind of solar panels you want to get: More efficient panels cost more, so that will influence your budget for your solar project.
• Average daily sunlight: Since Raeford gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• How much energy your home consumes: Households that use plenty of electricity each month may need more solar panels and, as a result, be more costly, but will also benefit more over time.

There are many great benefits of solar even with the initial cost of installation. It can help the environment and your wallet. Additionally, it can raise the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Raeford

Because solar power is a cleaner source of energy than fossil fuels, there are some government incentives in place to encourage its adoption. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Raeford

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. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Raeford, though. The more energy you use, the the more the environment will benefit from you switching to solar as you won't have to rely on traditional energy sources as much. Although making solar panels releases carbon dioxide emissions, the panels make up for it by considerably lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Raeford, you can reduce your carbon footprint by 60 pounds a year with solar panels. For people who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.