Solar energy is an abundant energy source that is also clean and renewable. In recent years, solar energy has become more and more popular among homeowners in North Carolina and across the United States. This is thanks in large to falling installation costs and the potential to save thousands of dollars over the lifespan of the system.
Now is the best time to make the switch to solar energy. If you have been considering getting solar panels for your home in Raleigh, North Carolina, then this blog post is for you. Here, we will highlight the top 3 benefits of NC solar.
- Save Money
Let’s consider some figures for Wake County. Based on the average utility bill in the County, the recommended size solar panel system is 6.2kW. After claiming the 26% federal solar tax credit, the cost of installing a system of this size is between $10,347 and $12,646.
The payback period for this upfront cost is between 10.1 and 12.3 years. The expected net profit, which signifies the savings minus the system cost, is between $20,028 and $24,479. As you can see, a solar panel system in Raleigh can help your home to save thousands of dollars on its energy bills.
- Utilize Net Metering
North Carolina has a net metering policy. This means that surplus electricity that your solar panel system produces can be effectively sold to the grid, allowing you to earn credits. These credits can be then used to offset to cost of grid electricity that your home will use.
Net metering results in a better return on investment and shorter payback periods.
- Boost Your Property’s Value
Solar panels are prized among home buyers and can help to increase your property’s value. Research shows that homes with solar panels sell for 4.1% more on average than a comparable home without solar panels. If we take a median-value home, this works out as an additional $9,274.
If selling your property within the next few decades is something that you may consider, this is another bonus of installing solar panels on your roof today.
Check out this link if you are interested in getting estimate savings for your home in Raleigh, North Carolina.
The Top Benefits of NC Solar
Solar installation is a wonderful option for all homeowners in North Carolina that are interested in saving money, boosting their property value, and of course, protecting the environment. Thanks to falling costs, now is the best time to make the switch to NC solar energy.
Solar energy is our most abundant energy source on Earth, with 173,000 terawatts of solar energy are continuously hitting the Earth. Solar panels can help your home to tap into this immense energy and power your home in an efficient and effective way.
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