18 Best Solar Companies in Bennettsville, SC (Aug 2022 Review)

The Cost and Benefits of Solar in Bennettsville

The cost of putting up solar panels has dropped greatly in the past few years, but it's still a substantial investment for most homeowners. Some important things that influence the cost and possible savings include:

• How much energy costs for you: The average household in Bennettsville pays around $1,800 a year on electricity alone, so you could gain that much in savings.
• How much electricity your household consumes: Households that need a lot of electricity each month may need more solar panels and, therefore, be more costly, but will also benefit more over time.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $21,000 over the first 20 years with your solar panels, too.
• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.

There are many great benefits of solar in spite of the upfront cost of installation. It can help the environment and your wallet. In addition, it can boost the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Bennettsville

Although a solar power system is typically a large investment, it can save you a considerable amount of money over many years due to lower energy bills and government incentives. When you install solar panels on your home, 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 are often some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. For more information about incentives for homeowners in Bennettsville, check out the table below.

Environmental Impact of Switching to Solar in Bennettsville

Installing solar panels can have a meaningful impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Bennettsville, though. Your energy usage is a key factor to keep in mind. The more power you use, the larger your impact when you switch to solar energy. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.