18 Best Solar Companies in Colesville, MD (Feb 2023 Review)

The Cost and Benefits of Solar in Colesville

The cost of installing solar panels has dropped immensely over the past few years, but it's still a significant investment for most homeowners. A few main factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time are:

• Your income and budget: This shapes what type of solar panels you can get.
• Your power bills: This will determine how much money you might save. In Colesville, the average resident can save about $880 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Plus, you can save about $15,000 over 20 years on your utility bills, without incentives.
• Typical energy usage: The more electricity your household consumes on average and the higher your current electricity bills are, the more money you could save by making the switch to solar.

Although a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, like the kind of solar panels you get and your current power bills.

Solar Incentives in Colesville

Since solar power is better for the environment than burning fossil fuels, there are a number of government incentives in place to encourage its adoption. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. Our article on solar incentives has more detailed information on the incentives you can find in Colesville.

Environmental Impact of Switching to Solar in Colesville

If you're thinking of adding solar panels to your home, one of the main reasons why may be to lower your reliance on nonrenewable energy. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Colesville, though. Something that can severely affect your carbon footprint is your commute time and how much you drive generally. If you go solar and have an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. When you go solar, your carbon dioxide emissions can be reduced by about 60 pounds a year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.