16 Best Solar Companies in Boonsboro, MD (Feb 2023 Review)

The Cost and Benefits of Solar in Boonsboro

The cost of installing a solar panel system has dropped greatly over the past several years, but it's still a significant investment for most homeowners. There are a few factors you should take into consideration when trying to determine costs and your potential savings, including:

• Your power bills: This will influence how much you can save. In Boonsboro, the average homeowner can save about $650 a year on their electricity bills.
• Typical energy usage: The more power your household uses on average and the greater your current power bills are, the more likely you'll benefit from making the switch to solar.
• The kind of solar panel system you have the money for: This depends on how much you're willing to invest upfront.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $11,000 over 20 years on your energy bills.

Although a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, such as the kind of solar panels you get and incentives.

Solar Incentives in Boonsboro

If you're thinking about making the switch to solar power, a variety of government incentives and state programs can greatly bring down your project costs and speed up the return on your investment. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there are often some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Boonsboro

One of the reasons so many people are considering going solar is to help reduce their environmental impact. You may be curious — how much does making the switch do for the planet anyway? If your family uses a lot of energy, you can help the environment even more by switching to solar power. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. Since solar power is abundant and makes electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help the environment.