16 Best Solar Companies in Damascus, MD (Nov 2022 Review)

The Cost and Benefits of Solar in Damascus

The cost of installing solar panels has decreased significantly over the past few years, but it's still a large investment for most homeowners. Some important factors that affect how much it will cost to install solar panels on your home and how much money you could save over time include:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• Your income and budget: This shapes what model of solar panels you can get.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on energy bills than a roof that gets lots of sunlight.
• How much you spend on energy: The average household in Damascus spends around $780 a year on electricity alone, so you could end up with that much in savings.

Solar is a fruitful investment for most homeowners. You can generate your own power instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping protect the planet.

Solar Incentives in Damascus

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over the lifespan of your solar panels because of reduced utility bills and government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city rebates and benefits. Our article on solar incentives has more in-depth information on the incentives you can find in Damascus.

Environmental Impact of Switching to Solar in Damascus

If you're thinking of adding solar panels to your home, one of the main reasons why may be to lower your carbon footprint. But how much can installing solar panels actually affect the environment? The average person has a considerable 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 think about what to do. Switching to solar is a practical thing you can do to help. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. As you can see, investing in solar has so many other rewards beyond saving money. One of the major ones is that you can help save the Earth too.