Energy Savings. Lasting Impact. Powerful Incentives Added Property Value.
From fighting climate change to making a smart financial investment, discover what you will love about going solar in North Carolina from one of our Shine Tribe members.
By generating your own solar power you’ll significantly reduce lower your monthly energy bill. Most of our customers see savings of between 50% and 80% on their monthly bills (why not 100% energy savings). Solar power not only saves you money today, it also protects you from rising utility rates. This is because as utility energy prices continue to rise, the value of your solar production will increase equally thanks tonet metering. Plus, solar savings are extremely predictable. While there will be days or weeks of cloudy skies, you can bank on the consistency of annual solar radiation levels. We’re so confident in our ability to predict your solar savings that we guarantee all of our savings estimates. If you produce less than we predict, we’ll make up the difference with cold, hard cash.
The impact of generating your own solar power goes far beyond saving you money every month. Solar is a clean and renewable source of energy. Every kilowatt-hour of energy produced by solar means one less produced by fossil fuels.
This directly helps to reduce pollution, preserve natural ecosystems, and fight climate change. The average home solar system in North Carolina will offset more than 216 tons of carbon emissions over 30 years. That’s the equivalent of not driving 480,000 miles or planting 5,000 trees.
A home solar system will offset the carbon equivalent of planting 5000 trees over its 30+ year lifespan.
One of the biggest reasons to invest in solar now (vs in the future) are the powerful incentives currently in place to drive the growth of solar. For homeowner’s this means the 26% Federal Investment Tax Credit for solar and, depending on where you live, additional rebates from your utility (like Duke Energy’s Rebate).
Businesses can take advantage of the same incentives as homeowners, but are also eligible for additional bonus and accelerated depreciation options that make commercial solar investments really shine. When you combine all these incentives, businesses can see discounts of more than 50% off the cost of their solar systems!
These incentives are not unlimited, however. The Federal Investment Tax Credit for solar will start sunsetting in 2023. So if you’re considering solar power, make sure you take advantage of these awesome incentives while they’re here.
Many solar curious people we talk to start off thinking about solar as purely an investment–you pay for a solar system and then over a span time you reap a return on your investment. They don’t take into account that solar is also an asset that adds value to you home or business as soon as its installed. There are multiple studies at the national and state level that show that homes with solar appraise for higher than homes without solar. While appraisal rates will vary based on the local market, all signs indicate that the added home value of solar is higher than the net cost; thus giving an investment in solar a greater than 100% return.
Schedule a virtual solar assessment to learn more about solar power & battery storage for your home.