16 Best Solar Companies in Five Forks, SC (Jan 2023 Review)

The Cost and Benefits of Solar in Five Forks

The cost of putting up a solar panel system has gone down significantly in the past few years, but it's still a large investment for most homeowners. Some key things that affect how much it will cost and how much you could save include:

• Average daily sunlight: Since Five Forks gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $21,000 over the first 20 years with your solar system, too.
• How much energy costs for you: If your local power rates are especially high, there's a better chance you'll have a higher return on your investment in a solar panel system. In Five Forks, you can save an average of $151 a month on your electricity bills.
• Your income and budget: This determines what type of solar panels you can buy.

Solar is a rewarding investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and take advantage of solar incentives, all while helping the planet.

Solar Incentives in Five Forks

Since solar power is more sustainable than burning fossil fuels, there are a number of government incentives in place to encourage its adoption. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Five Forks.

Environmental Impact of Switching to Solar in Five Forks

Going solar can have a positive effect on the environment. But how much can switching to solar actually affect the environment? How much energy you use is a significant factor to consider. The more electricity your home uses, the greater your impact when you switch to solar energy. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good trade for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.