Are you thinking about investing in a Charlotte Solar company for your home? If so, who could blame you? There are countless valuable incentives for homeowners looking to make the switch to solar energy.
You can save money on your electric bill while simultaneously taking active steps to heal the planet. Not to mention, the fossil fuels we use to create energy now have an expiration date. Soon, these fuel sources will be few and far between, which means they’ll be more expensive.
But what benefits of choosing Charlotte solar exist today? How can making this investment improve your life?
Keep reading to find out.
Duke Energy Solar Rebates
First, Duke Energy is a major energy provider in North Carolina. This power company is offering solar panel rebates for systems up to 10 kilowatts. For reference, a typical 6kW system (which is enough for most homes) will grant you access to a $3,600 rebate.
While funding isn’t always available, you can be put on a list to receive this incentive as soon as it becomes available again.
Of course, when you install a solar energy system for your home, it means no more electricity bills. While this may not seem like huge savings, think about how much money it will save you long term.
Let’s assume you pay $115 a month for electricity. After a year of savings, that’s almost $1,400. If you carry out this equation over 10 years, you’re looking at $14,000, which just happens to be the average cost of a whole-home solar system.
Click here to get a more in-depth solar savings estimate.
Several states, including North Carolina, offer net metering to homeowners who invest in solar panels. Net metering tracks the amount of electricity your Charlotte solar energy system creates. It allows you to sell unused energy back to the power companies.
In most cases, you can only get power credits. However, these will come in handy on cloudy days or during winter seasons when less usable sunlight exists.
Finally, we can’t talk about the benefits of North Carolina solar without mentioning state and federal tax incentives. In the state of North Carolina, your property won’t be subjected to higher taxes based on increased equity from solar installations. Installing solar power in your home will naturally increase its value, but you won’t have to pay higher property taxes as a result.
Additionally, the federal government offers an attractive 26% tax credit to homeowners who invest in solar panels. If you pay the average $14,000 for a whole home Charlotte solar system, you can get over $3,600 back.
Ready to Invest in Charlotte Solar?
Are the Charlotte solar incentives worth the costs of installing a solar power system in your home? We think the answer is clear. However, you have to make the best decision based on your finances, lifestyle, and plans for the future.
In the meantime, look through the rest of our blog to find more content on home & garden, savings, and lifestyle. We created our website to be a reliable source of information for readers like you. Feel free to stick around and read some of our other articles. .