16 Best Solar Companies in Frederick, MD (Aug 2022 Review)

The Cost and Benefits of Solar in Frederick

Even though solar panels can help save you money on utility bills over time, it's important to consider the upfront costs. Some key things that influence the upfront cost and potential savings over time include:

• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on electricity bills than a roof that gets plenty of sunlight.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can result in an average of $11,000 of savings over 20 years.
• Typical energy usage: The more energy your household consumes on average and the larger your current energy bills are, the more likely you'll benefit from going solar.
• Your income and budget: This affects what kind of solar panels you can get.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, including the size of your house and incentives.

Solar Incentives in Frederick

Although solar power is typically a large investment, it can save you a considerable amount of money over many years due to reduced power bills and government incentives. There are a lot of federal, state and local rebates and tax credits that may earn you anywhere from 26% to 50% of your money in return after installing solar panels. For detailed information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Frederick

A lot of people want to do their part to help protect the environment, which for many is the chief motivation to install a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Frederick, though. As stated by the EPA, electricity production is the second biggest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Using solar power can help reduce that number in a city like Frederick that is responsible for a sizable amount of carbon dioxide emissions each year. In Frederick, the average resident can lower their carbon footprint by 90 pounds a year after going solar. As you can see, investing in solar has so many other rewards apart from saving money. One of the major ones is that you can help save the Earth too.