17 Best Solar Companies in Waxhaw, NC (Sep 2022 Review)

The Cost and Benefits of Solar in Waxhaw

The cost of installing a solar panel system has dropped significantly in the past few years, but it's still a substantial investment for most homeowners. The cost of solar and the savings it generates vary depending on a few key factors such as:

• How much energy you use: If your family uses a lot of energy, you'll benefit more from installing solar panels.
• Your income and budget: This determines what kind of solar panels you can afford.
• How much sunlight your roof gets: This, along with how your roof is set up, affects affect how much electricity your solar panels can generate.
• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $19,000 on your electricity bills over 20 years not including incentives.

So is a solar system worth it? Whether you hope to reduce your electric bills, carbon dioxide emissions or both, solar panels are a solid investment for many Waxhaw homeowners.

Solar Incentives in Waxhaw

Because solar power is more sustainable than traditional energy sources, there are various government incentives in place to encourage its adoption. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Waxhaw

Swapping traditional energy for solar is a profound way to do your part for a more sustainable future. But how much can using solar energy instead of traditional energy actually affect the environment? In a city like Waxhaw where energy use is particularly high, installing solar panels is a great idea for homeowners who care about the planet. In Waxhaw, the average resident can lower their carbon footprint by 60 pounds a year once they go solar. As you can see, using solar power has so many other rewards apart from saving money. One of the most important ones is that you can help save the environment too.