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

The Cost and Benefits of Solar in Cheraw

For the majority of homeowners, whether or not you should invest in solar panels boils down to the cost. Some key factors that influence the cost of installing a solar panel system on your home and how much it could save you over time are:

• Average daily sunlight: Since Cheraw gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 26% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $21,000 over 20 years on your energy bills.
• Your household's power bills: With very high monthly electricity bills in Cheraw, you could save about $1,800 a year with solar.
• Energy consumption: Installing solar panels may be too pricey an option for homes that don't need a good amount of energy a month.

Thanks to the cost of solar panels being lower than before as well as several solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Cheraw

Adopting solar power has plenty of wonderful benefits. Not only can it help preserve the planet, but you can also save a decent amount of money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 26% of your project costs when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Cheraw

If you're thinking of adding solar panels to your home, one of the principal reasons why may be to reduce your carbon dioxide emissions. You may be trying to figure out — how much do solar panels do for the environment anyway? Your energy usage is a key factor to think about. The more power your household consumes, the greater your impact when you make the switch to solar power. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. Since energy from the sun is renewable and makes electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the planet.