12 Best Solar Companies in Laurel Hill, VA (Mar 2023 Review)

The Cost and Benefits of Solar in Laurel Hill

We understand that for lots of homeowners, the decision to invest in solar hinges on installation costs. Some key factors that dictate the cost of installing solar panels on your home and how much money you could save over time are:

• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to generate as much energy, which will leave you with lower savings on electricity bills than someone with a roof that gets lots of sunlight.
• How much energy costs for you: The average household in Laurel Hill spends around $1,400 a year on power alone, so you could end up with that much in savings.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $17,000 over the first 20 years with your solar system, too.

There are lots of wonderful benefits of solar despite the upfront cost of installation. It can help the planet and your bank account. Plus, it can raise the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Laurel Hill

Because solar power is a cleaner source of energy than traditional energy sources, there are a number of government incentives available to encourage people to make the switch. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some regional incentives that you can benefit from to further save. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Laurel Hill

If you want to add solar panels to your home, one of the major reasons why may be to lower your carbon dioxide emissions. You may be trying to figure out — how much does making the switch help the planet anyway? The more power your household uses, the better off the planet will be if you switch to solar as you won't need to rely on traditional energy sources as much. Even though making solar panels emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Laurel Hill, you can reduce your carbon footprint by 60 pounds a year with solar panels. For those who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.