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In recent years, solar energy has become an increasingly popular choice for homeowners looking to reduce their carbon footprint and save on energy costs. EnergizeNC Program, North Carolina received a $156 million grant from the EPA through the Greenhouse Gas Reduction Fund. This program aims to reduce greenhouse gas emissions, lower energy costs, and improve environmental justice by installing rooftop solar systems in low-income single-family and multifamily units, as well as community solar projects. North Carolina, with its abundant sunshine and supportive policies, is an excellent place for solar energy adoption. Here are the top ten benefits for North Carolina homeowners to go solar.
1. You save money
Your monthly payment for solar combined with your much lower electric bill will be near or below what you’re already paying the utility company. Because your solar payment is fixed, you’re protecting yourself against the power company’s rising prices. That will save you money in the long run, and once you pay off your system entirely, your savings will rise significantly. One of the most compelling reasons to install solar panels is the potential for significant cost savings. North Carolina homeowners can substantially reduce or even eliminate their electricity bills. After the initial installation costs are covered, solar energy becomes a free power source. The state's sunny climate ensures that solar panels operate efficiently, maximizing savings.
2. You save the planet
According to the SEIA, solar energy currently accounts for only 2 percent of all electricity in the U.S. As that number rises, so does our energy independence from non-renewable energy sources. Solar energy is clean and abundant. The panels on your rooftop or your ground-mounted array are quiet and will reduce your home’s carbon footprint.
3. You may be eligible for tax credits.
Homeowners in North Carolina can take advantage of several incentives to reduce the upfront costs of solar panel systems. The Residential Clean Energy Credit (formerly the federal Investment Tax Credit) offers a 30% reduction in the cost of solar panel systems. Additionally, Duke Energy’s PowerPair rebate program provides up to $9,000 in rebates for solar-plus-battery systems. Eligible taxpayers can receive a 30 percent federal tax credit on qualified expenses. Individual states also may have their own credits, which could reduce the cost of your system further. Consult your tax professional to determine your eligibility for solar tax credits.
4. Lengthy warranties mean peace of mind
Your solar cell panels come with a 25-year warranty, and the inverter (the device that turns the direct current electricity that your panels produce into the alternating current electricity that your home uses) has a 12-year warranty with the potential to be extended 13 years beyond that. When warranties are that long, you know these items are built to last. Sit back and enjoy all the power your system produces!
5. Your home’s value figures to rise
Research by Lawrence Berkeley National Laboratory in 2015 found that “home buyers consistently have been willing to pay more for a property with PV (solar panels) across a variety of states, housing and PV markets, and home types.” That study looked exclusively at PV systems that were owned, and not leased.
6. Increased property value
Installing solar panels can increase the value of your home. Studies have shown that homes with solar energy systems sell for more than those without. Solar panels are viewed as a home upgrade, similar to a renovated kitchen or a finished basement. Potential buyers are often willing to pay a premium for a home with lower utility costs and sustainable energy features.
7. There is no off switch on the sun
The sun has done its thing for over 4.6 billion years, and last we checked, it won’t be stopping anytime soon, either. While the summer months typically provide the most solar electricity generation, know that even in winter, solar energy is still produced.
8. Local jobs creator
The U.S. solar industry employs 250,000 people, and these jobs cannot be outsourced. One hundred percent of POWERHOME’s services are provided solely by company employees to help boost local economies. Those are all big benefits for the U.S. economy.
9. You’re powering your home with technology
What happens with technology? It only gets better with time. Solar panels are already long-lasting, but imagine how much better they will be in the future. Being at the forefront of this revolution helps put the U.S. on a faster track to energy independence.
10. Energy Independence
Solar power provides homeowners with greater energy independence. By generating your own electricity, you reduce your reliance on the local utility grid and protect yourself from fluctuating energy prices. This independence is particularly valuable in areas with rising energy costs or unreliable power supply.
For North Carolina homeowners, the benefits of going solar are clear. From substantial cost savings and increased property value to environmental impact and energy security, solar energy offers numerous advantages. With state and federal incentives making solar installations more affordable than ever, now is the perfect time to make the switch to solar power. Contact Powerhome today to enjoy the benefits of solar energy.
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