17 Best Solar Companies in Wingate, NC (Jul 2022 Review)

The Cost and Benefits of Solar in Wingate

The cost of putting up solar panels has gone down immensely over the past several years, but it's still a large investment for most homeowners. The cost of solar and the savings it generates vary depending on a few key factors such as:

• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar system won't be able to produce as much energy, which will give you lower savings on energy bills than a roof that gets plenty of sunlight.
• Choice of solar panels: The type of solar panels you want 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 go with a higher number of more affordable panels.
• How much electricity your home consumes: Homes that use lots of electricity each month may require more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 26% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $19,000 over 20 years on your energy bills.

So is buying solar panels worth it? Whether you'd like to decrease your electricity costs, carbon emissions or both, solar panels are a solid investment for many Wingate homeowners.

Solar Incentives in Wingate

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. These incentives usually include cash rebates, tax breaks and/or solar renewable energy credits. They can reduce how much you pay for going solar by 26 to 50% in some cases. In the table below, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Wingate

There are tons of reasons to switch to solar energy, like saving some money on utility bills and helping to reduce your carbon footprint. But you may be wondering — how much exactly can you help the environment by going solar? The average person has a considerable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions each year, and powering their home, it can be overwhelming to figure out what to do. Using solar power is one of the easiest things you can do to help. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Wingate, you can reduce your carbon footprint by 60 pounds a year with solar panels. For people who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.