18 Best Solar Companies in Dundalk, MD (Oct 2022 Review)

The Cost and Benefits of Solar in Dundalk

Even though solar panels can save you money on energy bills over time, it's necessary to know the upfront costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Average daily sunlight: Since Dundalk gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• How much energy costs for you: If your local utility rates are high, there's a better chance you'll see a higher return on your investment in solar panels. In Dundalk, you can save an average of $70 a month on your electricity bills.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.

There are lots of wonderful benefits of solar despite the upfront cost of installation. It can help the planet and your finances. Additionally, it can raise the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Dundalk

In an effort to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar power more financially viable and accessible. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces 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 save. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Dundalk

There are lots of reasons to make the switch to solar energy, like saving on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Dundalk, though. The average person has a substantial carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions every year, and electricity for their home, it can be overwhelming to figure out what to do. Using solar power is one of the easiest things you can do to help. In Dundalk, the average homeowner can reduce their carbon footprint by 60 pounds a year once they go solar. If you care about the environment, you'll most likely find that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.