13 Best Solar Companies in Chillum, MD (Feb 2023 Review)

The Cost and Benefits of Solar in Chillum

We know that for lots of homeowners, the decision to invest in solar comes down to installation costs. A few main factors that determine the cost of installing a solar panel system on your home and how much it could save you over time include:

• Electricity consumption: The average home in Chillum uses a decent amount of, and so may save on their energy bills.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. In addition, you can save about $16,000 over 20 years on your utility bills, before factoring in incentives.
• Your current electric bills: Solar panels can dramatically lower, or entirely eradicate, your utility bills. In Chillum, you can save an average of $76 a month.
• The type and model of solar panels you're planning on getting: Higher-efficiency panels are more highly priced, so that will shape your budget for your solar project.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, including the size of your house and your energy consumption.

Solar Incentives in Chillum

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money in the long term because of lower utility bills and government incentives. There are quite a few federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money in return after installing a solar panel system. Our article on solar incentives has more detailed information on the incentives you can take advantage of in Chillum.

Environmental Impact of Switching to Solar in Chillum

Switching to solar energy can have a beneficial impact on the environment. You may be curious — how much do solar panels do for the planet anyway? The average person has a substantial carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions each year, and powering their home, it can be overwhelming to figure out what to do. Installing solar panels is one of the easiest things you can do to help. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. Since energy from the sun is plentiful and produces electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help the planet.