18 Best Solar Companies in Seven Lakes, NC (Sep 2022 Review)

The Cost and Benefits of Solar in Seven Lakes

We know that for lots of homeowners, the decision to invest in solar hinges on installation costs. There are a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, including:

• How much power your household needs: If your home regularly uses a lot of energy, you'll reap more rewards from installing solar panels.
• Average daily sunlight: Since Seven Lakes gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much you can save on your energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $19,000 over the first 20 years with your solar system, too.
• The kind of solar panel system you can afford: This is dependent on how much you're willing to spend upfront.

As a result of the cost of solar panels being lower than before as well as several solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Seven Lakes

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over time due to smaller power bills and government incentives. There are quite a few federal, state and local rebates and tax credits that may earn you anywhere from 26% to 50% of your money back after installing a qualifying system. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Seven Lakes

An important reason so many consider going solar is to help bring down their environmental impact. But how much can installing solar panels actually help the environment? The more power your household uses, the the more the environment will benefit when you switch to solar as you won't have to rely on traditional energy sources as much. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. The good things about solar power are infinite — just like solar power is! That's why so many Seven Lakes residents have been happy with using solar energy.