18 Best Solar Companies in Greenwood, SC (Oct 2022 Review)

The Cost and Benefits of Solar in Greenwood

When deciding on a solar company, most homeowners or business owners wonder about the costs above all. Some important things that determine how much it will cost and how much you could save include:

• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will give you lower savings on energy bills than someone with a roof that gets plenty of sunlight.
• Energy consumption: Solar may be a high-cost investment for homes that don't need too much energy per month.
• The kind of solar panel system you can afford: This is dependent on what your budget is.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your 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 $20,000 over the first 20 years with your solar panels, too.

Solar is a profitable investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and make use of solar incentives, all while helping preserve the environment.

Solar Incentives in Greenwood

To increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. These incentives usually consist of cash rebates, tax breaks and/or solar renewable energy credits. They can lower the cost of installing solar panels by 26 to 50% in some cases. The table below lets you know about the incentives you can benefit from in Greenwood.

Environmental Impact of Switching to Solar in Greenwood

There are a few primary reasons why many people are considering solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Greenwood, though. The more power your household uses, the better off the planet will be when you switch to solar as you won't have to burn as many fossil fuels. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.