16 Best Solar Companies in Edgewater, MD (Feb 2023 Review)

The Cost and Benefits of Solar in Edgewater

When choosing a solar company, most homeowners or business owners wonder about the costs the most. 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:

• Your income and budget: This guides what type of solar panels you can afford.
• Your current electricity bills: Solar panels can greatly decrease, or completely get rid of, your utility bills. In Edgewater, you can save an average of $70 a month.
• average energy usage: The more electricity your home consumes on average and the steeper your current electricity bills are, the more likely you'll benefit from going solar.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. Additionally, you can save about $15,000 over 20 years on your utility bills, not including incentives.

There are many wonderful benefits of solar despite the upfront cost of installation. It can help the Earth and your finances. Plus, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Edgewater

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make going solar more financially viable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially pair the ITC with other state and city incentives. Our article on solar incentives has more information on the incentives you can find in Edgewater.

Environmental Impact of Switching to Solar in Edgewater

One reason so many people consider adopting solar energy is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Edgewater, though. In a city like Edgewater where energy use is rather high, installing solar panels is a great plan for homeowners who want to do their part for the environment. After you go solar, your carbon footprint can be reduced by about 60 pounds each year. Since solar power is renewable and generates electricity without CO2 emissions, installing solar panels is one easy step you can take to help the planet.