15 Best Solar Companies in Spencer, NC (Mar 2023 Review)

The Cost and Benefits of Solar in Spencer

For most homeowners, whether or not to invest in solar energy depends the most on the cost. Some important things that determine the cost and possible savings include:

• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can lead to an average of $17,000 of savings over 20 years.
• How much energy your household consumes: Households that consume a lot of electricity each month may need more solar panels and, as a result, be more costly, but will also save more on their energy bills over time.
• Average daily sunlight: Since Spencer gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which influences how much you can save on your energy bills.
• The model of solar panels you can afford: This depends on how much you're willing to spend upfront.

So is a solar panel system worth it? Whether you hope to lower your energy bills, carbon dioxide emissions or both, solar panels are a great investment for many Spencer homeowners.

Solar Incentives in Spencer

If you're planning on switching to solar power, various government incentives and state programs can immensely reduce your project costs and expedite the return on your investment. On top of the federal solar investment tax credit, there are also some local benefits, which in most cases, can be claimed in addition to the federal incentive, so you get to save even more. For comprehensive information about incentives for homeowners in Spencer, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Spencer

There are a few key reasons why people are considering solar energy: for the financial and environmental benefits. But how much can using solar energy instead of traditional energy actually help the environment? Regardless of your location, you can help protect the environment by switching to solar energy, but homes that use lots of energy will have an even bigger impact. In Spencer, the average resident can reduce their carbon footprint by 60 pounds a year once they go solar. Since energy from the sun is renewable and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help the planet.