17 Best Solar Companies in Selma, NC (Oct 2022 Review)

The Cost and Benefits of Solar in Selma

While solar panels can save you a good amount of money on utility bills over time, it's necessary to know the upfront costs. Some important things that influence the upfront cost and potential savings over time include:

• average energy usage: The more power your home consumes on average and the larger your current power bills are, the more likely you'll benefit from switching to solar.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• The amount of sunlight your home gets: Thanks to Selma's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your electricity bills over 20 years not including incentives.

There are several great benefits of solar even with the initial cost of installation. It can help the planet and your bank account. In addition, it can boost the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Selma

Since solar power is more sustainable than fossil fuels, there are several government incentives available to encourage people to make the switch. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there are often some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. For detailed information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Selma

Swapping traditional energy for solar is a great way to do what you can for a more sustainable future. But you may be curious — how much exactly can you help the planet by going solar? If your home uses a lot of energy, you can help the environment even more by switching to solar power. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. Since solar power is abundant and generates electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help protect the planet.