13 Best Solar Companies in Silver Lake, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Silver Lake

For the majority of homeowners, the decision to invest in a solar energy system depends the most on the cost. There are a few factors you should take into consideration when trying to determine costs and your potential savings, such as:

• How much energy costs for you: The typical household in Silver Lake pays around $1,300 a year on power alone, so you could be looking at that much in savings.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $20,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you choose 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 roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to produce as much energy, which will leave you with lower savings on electric bills than a roof that gets a lot of sunlight.

There are lots of good benefits of solar in spite of the initial cost of installation. It can help the Earth and your bank account. In addition, it can boost the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Silver Lake

One of the good things about installing a solar panel system is earning incentives from the government. When you install solar panels on your house, you can 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 may often be some state and city incentives that you can take advantage of to further save. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Silver Lake

One of the most compelling reasons to switch to solar energy is to minimize your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Silver Lake, though. Your energy usage is a key factor to keep in mind. The more electricity your household consumes, the greater your impact when you make the switch to solar power. Although making solar panels releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Silver Lake, you can reduce your carbon footprint by 70 pounds a year with solar panels. If you want to do what you can for the environment, you'll most likely get that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.