17 Best Solar Companies in Essex, MD (Mar 2023 Review)

The Cost and Benefits of Solar in Essex

When deciding on a solar company, most homeowners or business owners wonder about the costs above all. Some significant things that determine how much it will cost and how much you could save include:

• Your current electricity bills: Solar panels can significantly decrease, or totally eradicate, your utility bills. In Essex, you can save an average of $70 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $14,000 over the first 20 years with your solar panels, too.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to make as much energy, which will leave you with lower savings on power bills than a house with a roof that gets a lot of sunlight.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Essex

Since solar power is a cleaner source of energy than fossil fuels, there are various government incentives in place to encourage its adoption. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. Take a look at our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Essex

Many want to do what they can to help save the planet, which often is the chief reason they're interested in installing solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Essex, though. The average person has a considerable carbon footprint. Between their car, which produces 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. Installing solar panels is a simple thing you can do to help. If you go solar, your carbon dioxide emissions can be reduced by about 60 pounds every year. If you want to do your part for the environment, you'll likely find that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.