17 Best Solar Companies in Cheverly, MD (Jan 2023 Review)

The Cost and Benefits of Solar in Cheverly

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to install your panels. Some significant things that determine the upfront cost and potential savings over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $15,000 over 20 years with your system, too.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panel system won't be able to produce as much energy, which will give you lower savings on energy bills than a roof that gets plenty of sunlight.
• How much energy costs for you: If your local power rates are high, there's a good chance you'll see a higher return on your investment in a solar system. In Cheverly, you can save an average of $74 a month on your electricity bills.
• Your income and budget: This guides what type of solar panels you can purchase.

Thanks to solar panels now being cheaper than ever as well as local and federal solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Cheverly

To increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economically viable and accessible. There are quite a few federal, state and local rebates and tax credits that may earn you a decent amount of money back after paying for solar panels. Take a look at our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Cheverly

Making the switch to solar power is a powerful way to do your part for a cleaner and more sustainable future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Cheverly, though. Something that can drastically shape your carbon footprint is how long your commute is and how much you drive overall. If you go solar and drive an electric car, you can vastly cut back on your carbon dioxide emissions by charging your car at home. Once you go solar, your carbon emissions can be lowered by about 60 pounds every year. For people who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.