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

The Cost and Benefits of Solar in Winston Salem

The cost of installing a solar panel system has dropped immensely over the past several years, but it's still a substantial investment for most homeowners. The overall price and potential savings vary depending on a few important factors such as:

• How much energy your household consumes: Households that need lots of power each month may require more solar panels and, therefore, more upfront cost, but will also benefit more over time.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on power bills than a house with a roof that gets lots of sunlight.
• The type of solar panel system you have the money for: This hinges on how much you're willing to invest upfront.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $18,000 over 20 years with your solar panels, too.

Thanks to solar panels now being cheaper than ever as well as various solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Winston Salem

Since solar power is more sustainable than burning fossil fuels, there are a number of government incentives in place to encourage its adoption. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. In addition, there may often be some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. In the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Winston Salem

Going solar can have a positive effect on the environment. But — how much exactly can you help the environment by going solar? If your household consumes lots of energy, you can impact the environment even more by switching to solar power. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. If you want to do what you can for the environment, you'll likely find that there are many good things about adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is priceless.