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

The Cost and Benefits of Solar in Seven Lakes

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your system. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Your income and budget: This affects what kind of solar panels you can purchase.
• 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 affects how much your solar panels can save you on your electricity bills.
• Your energy consumption: If your household needs to use a lot of energy, you'll benefit more from switching to solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your overall installation cost, your state or 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 20 years with your system, too.

Thanks to the cost of solar panels being lower than before as well as various solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Seven Lakes

Switching to solar power has plenty of wonderful benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. There are quite a few federal, state and local rebates and tax credits that let you earn some money back after buying solar panels. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Seven Lakes

There are tons of reasons to trade traditional energy for solar energy, like saving money on utility bills and helping to lower your carbon footprint. You may be wondering — how much do solar panels help the environment anyway? As stated by the EPA, electricity generation is the second biggest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Using solar power can help put a dent in that number in a city like Seven Lakes that accounts for a sizable amount of carbon dioxide emissions each year. In fact, if you install solar panels, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. If you want to do what you can for the environment, you'll likely find that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.