Solar energy is a beneficial choice for homeowners in North Carolina due to various reasons. First and foremost, solar power allows homeowners to reduce their electricity bills significantly. North Carolina receives ample sunlight throughout the year, making it an ideal state for installing solar panels. By harnessing the sun's energy, homeowners can generate electricity that can power their homes, thus reducing their dependence on expensive utility companies. This not only provides immediate cost savings but also helps protect against future electricity price increases.
Additionally, the installation of solar panels can increase the value of a home. Numerous studies have shown that homes equipped with solar panels tend to have higher resale values compared to those without. In North Carolina, where solar energy is gaining popularity, potential buyers are increasingly seeking homes with sustainable features. By investing in solar energy, homeowners can position themselves ahead of the curve and potentially fetch a higher resale price when the time comes to sell their property. Furthermore, some local and state government incentives, such as tax credits and rebates, are available in North Carolina to further offset the initial installation costs. These incentives make solar power an attractive option for homeowners who want to save money and invest in a cleaner future for their home.
A peak sun hour is an hour in the day when the intensity of the sunlight reaches an average of 1000 watts/meter².
State Homes Powered by Solar
Growth Projection: 1,946 MW over the next 5 years
At the most basic level, solar panels are devices that take in the sun’s rays and convert them into electricity or heat. Once the sun hits the panels, the energy is made into electricity. A solar inverter helps turn the electricity into power that can be used. The more panels you have on a roof, the more solar electricity you can produce! Solar panels generate their own power and as a result can offset your monthly electricity bill, if not eliminate it in 97035.
There are 69 solar policies and incentives in the state of North Carolina. These incentives and tax credits help reduce the cost of solar panels in order to promote this source of renewable energy.
The National Renewable Energy Laboratory states that every dollar that is saved on energy through solar increases home value by $20 in North Carolina. More research shows that solar panels can add an average of $18,324 to the value of a medium-sized home.