13 Best Solar Companies in Ellicott City, MD (Aug 2022 Review)

The Cost and Benefits of Solar in Ellicott City

While solar panels can help save you a decent chunk of change on utility bills over time, it's important to take into consideration the startup costs. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $14,000 over the first 20 years with your solar panels, too.
• Your power bills: This will affect your savings. In Ellicott City, the average homeowner can save about $840 a year on their electricity bills.
• How much power your household needs: If your household uses a lot of energy, you'll benefit more from switching to solar.
• The kind of solar panels you want: Higher-efficiency panels are more highly priced, so that will determine your budget for your solar project.

Solar is a profitable investment for most homeowners. You can produce your own energy instead of paying for it from the grid and make use of solar incentives and rebates, all while helping the planet.

Solar Incentives in Ellicott City

Although a solar power system is typically a large investment, it can save you a significant amount of money in the long term because of reduced energy bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other local incentives. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Ellicott City

Installing solar panels can have a meaningful effect on the environment. But you may be curious — how much exactly can you help the planet by using solar power? The average person has a considerable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to think about what to do. Going solar is one of the easiest things you can do to help. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 60 pounds each year. The perks of solar power are infinite — just like solar power is! That's why so many people have been happy with making the switch to solar.