13 Best Solar Companies in Fallston, MD (2023 Reviews)

The Cost and Benefits of Solar in Fallston

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to install your system. The cost and possible savings vary depending on a few important factors such as:

• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• 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 state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $15,000 over 20 years with your solar system, too.
• Electricity consumption: The average household in Fallston uses a decent amount of, and as a result may save on their energy bills.
• Your current electric bills: Solar panels can significantly lower, or completely get rid of, your utility bills. In Fallston, you can save an average of $72 a month.

Thanks to solar panels decreasing in cost as well as local and federal solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Fallston

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. These incentives typically take the form of cash rebates, tax credits and/or performance-based incentives. They can reduce how much you pay for going solar by 30%, upwards of 50% in some cases. Our article on solar incentives goes over more information on the incentives you can find in Fallston.

Environmental Impact of Switching to Solar in Fallston

If you're thinking of adding solar panels to your home, one of the major reasons why may be to reduce your reliance on nonrenewable energy. You may be asking yourself — how much do solar panels help the environment anyway? How much energy you use is an important factor to consider. The more power your household consumes, the bigger your impact when you make the switch to solar power. When you go solar, your carbon footprint can be cut by about 60 pounds every year. For people who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.