18 Best Solar Companies in Greenwood, SC (Feb 2023 Review)

The Cost and Benefits of Solar in Greenwood

Solar panels are powered by a free energy source — the sun — but to take advantage of this you must first pay to install your panels. The overall price and potential savings vary depending on some important factors such as:

• How much energy your household consumes: Homes that use lots of energy each month may need more solar panels and, therefore, more upfront cost, but will also benefit more over time.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $20,000 over 20 years on your energy bills.
• Where your home is: This affects how much sunlight your roof gets, which helps determine how many panels you need.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the size of your solar panel system and your local electricity rates.

Solar Incentives in Greenwood

Switching to solar power has a lot of considerable benefits. Not only can it help preserve the Earth, but you can also save a good amount of money on your installation with various government incentives. These incentives normally include cash rebates, tax breaks and/or performance-based incentives. They can lower the cost of installing solar panels by 30%, upwards of 50% in some cases. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Greenwood

Switching to solar energy can have a positive effect on the environment. But how much can installing solar panels actually affect the environment? Everyone can help save the environment by switching to solar energy, but homes that use more energy will have an even bigger impact. 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. As you can see, using solar power has so many other perks beyond saving money. One of the most important ones is that you can help save the environment too.