11 Best Solar Companies in Raleigh, NC (Jan 2023 Review)

The Cost and Benefits of Solar in Raleigh

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to install your system. Some significant things that influence how much it will cost and how much you could save include:

• The kind of solar panels you have the money for: This depends on your income and budget.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can result in an average of $17,000 of savings over 20 years.
• Average daily sunlight: Since Raleigh gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your electricity bills will be.
• Your energy bills: This will dictate how much you can save. In Raleigh, the average resident can save about $1,300 a year on their electricity bills.

As a result of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Raleigh

Because solar power is more sustainable than traditional energy sources, there are quite a few government incentives available to encourage people to make the switch. On top of the federal solar investment tax credit, there are also some local programs, which in most cases, stack with the federal incentive, so you can save even more. Our article on solar incentives has more information on the incentives you can take advantage of in Raleigh.

Environmental Impact of Switching to Solar in Raleigh

There are tons of reasons to trade traditional energy for solar energy, like saving money on utility bills and helping to reduce your carbon footprint. You may be curious — how much does going solar do for the planet anyway? The more energy you use, the the more the environment will benefit if you switch to solar since you won't have to burn as many fossil fuels. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. As you can see, trading traditional energy for solar has so many other benefits besides saving money. One of the most important ones is that you can help save the environment too.