16 Best Solar Companies in Fairwood, MD (2023 Reviews)

The Cost and Benefits of Solar in Fairwood

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to install your system. Some important things that influence the upfront cost and potential savings over time include:

• The kind of solar panels you're planning on getting: More efficient models cost more, so that will shape your budget for your solar project.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. In addition, you can save about $15,000 over 20 years on your utility bills, without incentives.
• Your home's power bills: Due to high monthly electricity bills in Fairwood, you could save about $840 a year with solar.
• The amount of sunlight your home gets: Thanks to Fairwood's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.

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

Solar Incentives in Fairwood

To increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make going solar more economically 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 use the ITC with other state and city incentives. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Fairwood

Installing solar panels is a good way to do what you can for a more sustainable future. You may be trying to figure out — how much does going solar help the environment anyway? One thing that can drastically affect your carbon footprint is how long your commute is and how much you drive altogether. If you install solar panels and have an electric car, you can significantly lower your carbon dioxide emissions by charging your car at home. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. The perks of solar power are plentiful — just like solar power is! That's why so many Fairwood residents have been happy with using solar energy.