Green energy is the way of the future. Not only is green energy cleaner and more environmentally conscious, but it’s also inevitable.
Our current methods of producing energy require the burning of fossil fuels like coal, oil, and gas. Unfortunately, these fossil fuels are running out. Soon, this method will no longer be an option.
In the meantime, however, there are some pretty powerful incentives for using solar power in North Carolina. You can save money and even earn money by installing solar panels on your home.
Keep reading to find out more about why solar installations are worth the costs.
Increased Home Equity
First, installing a solar panel system in your home could drastically increase your home’s value. In some states, you can see up to a 4.1% increase. For instance, if your home is already worth $350,000, a solar system could increase its value to $364,000.
In most cases, the added equity could be equal to your solar costs.
State Property Tax Exemption
Okay, so you’ve added equity to your home by opting for solar power. Doesn’t that mean that your property taxes will be more expensive?
In most cases, yes. But not in North Carolina.
This state has a property tax exemption to encourage people to invest in solar power in North Carolina. The added equity in your home won’t impact your property taxes.
Federal Tax Credits
Now, let’s take a look at how the federal government rewards homeowners who invest in solar panels. Through the year 2022, you can reclaim up to 26% of your solar costs when you file your taxes.
Be sure to keep your receipts that account for equipment and installation fees. We also recommend working with a certified CPA to ensure you get the full benefits.
Monthly Savings
Obviously, when you invest in solar power in North Carolina, you can significantly reduce, if not completely eliminate your energy bills. For most homeowners, this means saving over $100 every single month.
You can use this money to pay off debt, go on a vacation, or invest in more home improvements. Click here to see if solar is right for your home in North Carolina.
North Carolina Incentives
Finally, many states offer unique programs that are designed to motivate homeowners to consider solar installation. For example, if you invest in solar power in North Carolina, you can gain access to Duke Energy rebates. The power company will literally give you cashback based on your costs and the size of your system.
There is also something called net metering. This program keeps you connected to the power company, which allows you to sell the unused energy your produce. In return, you earn power credits which you can use during periods of reduced sunlight (cloudy weather, winter season, etc.).
Are You Ready to Invest in Solar Power in North Carolina?
Clearly, there are plenty of good reasons why homeowners should opt for solar power in North Carolina. Do any of these incentives sound appealing to you? If so, contact a local solar energy installer today, you won’t be disappointed.
And if you’re looking for more home improvement tips or green energy advice, don’t go anywhere. Our website was created to provide readers like you with valuable information they can use to improve their lives.
