18 Best Solar Companies in Winston Salem, NC (Dec 2022 Review)

The Cost and Benefits of Solar in Winston Salem

For many people considering switching to solar, the decision of which solar company to choose depends on pricing. Some significant things that impact the upfront cost and potential savings over time include:

• How much power your home consumes: Homes that use a lot of electricity each month may call for more solar panels and, consequently, be more costly, but will also enjoy more savings over time.
• The amount of sunlight your house gets: Due to Winston Salem's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• The type of solar panels you can buy: This depends on what your budget is.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $18,000 over the first 20 years with your solar system, too.

So are solar panels worth it? Whether you'd like to decrease your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many Winston Salem homeowners.

Solar Incentives in Winston Salem

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over time because of smaller power bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. For detailed information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Winston Salem

Many want to do their part to help save the planet, which often is the chief motivation to install solar panels. But you may be curious — how much exactly can you help the environment by using solar power? The more power your family uses, the better off the planet will be when you switch to solar since you won't need to use as much nonrenewable energy. In fact, if you install solar panels, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. The perks of solar power are infinite — just like solar power is! That's why so many Winston Salem residents have been happy with making the switch to solar.