Not so long ago, North Carolina ranked fourth nationwide for solar power, but the state’s moving up the rankings fast. Currently, NC generates enough electricity from solar to power hundreds of thousands of homes, and it’s increasing its infrastructure as we speak.
Solar energy pros and cons vary state by state depending on sunshine hours and legislation, so if you’re considering a solar installation, you need more facts like these.
Are you interested to find out more about solar energy in Greensboro, NC? Keep reading for more facts about solar power in the Tar Heel State.
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You Can Get Free Greensboro Solar
Solar panels have become 11% cheaper in the last five years, but even these reduced prices are out of reach for some homeowners.
The average solar panel installation can cost over $20,000 upfront, which is a sizable investment for anyone, despite the enormous savings solar brings. Most solar installations pay for themselves within 10 to 20 years, depending on whether you pay cash or take out a loan.
Fortunately, you can get free solar installation, and up to 18 months of free solar power when you work with the right solar installation company in Greensboro.
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Greensboro Offers Great Solar Energy Rebates
One of the reasons for North Carolina’s success in the realm of solar is the availability of incentives. NC rewards homeowners for making sustainable choices as follows:
- Rebates on solar installations from Duke Energy
- Low-interest solar loans
- Exemption from property tax increases due to solar
- Building permit rebates when you build a solar-powered home
- Net metering, lease agreements, and PPAs for affordable access to solar power
Plus, you get to take advantage of the federal ITC if you install your solar panels soon.
Thanks to this initiative, you can deduct 26% of the total cost of your solar installation from your tax return for 2022.01.05 This incentive decreases to 22% for 2024.
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Solar Energy Powers the NC Economy
Throughout the state of North Carolina, solar energy companies create much-needed jobs for thousands of people. Over 90,000 people work in the renewable energy sector state-wide.
There are over 6,000 people employed in the solar energy field in Greensboro-High Point, alone.
These figures place North Carolina in the lead for rural solar jobs nationwide, and ninth overall.
Between 2007 and 2020, investment in clean energy in North Carolina increased to $19 billion from just $56 million, so it’s a major contributor to the state’s economy.
Embrace the Solar Lifestyle
Solar energy is one of the most exciting innovations available in modern times, with far-reaching benefits for everyone.
Harvesting energy from the sun is an environmentally-friendly way to power your home.
It helps reduce carbon emissions, pollution, and water contamination caused by fossil-fuel-powered electricity. Together, these aspects help mitigate global warming, creating a better future for everyone.
For most homeowners, the biggest benefit of solar is its ability to reduce and even cancel out their electricity bills, saving them thousands of dollars a year.
Are you keen to find out more about how you can save money and improve your lifestyle in other ways too? Keep browsing our blog.