14 Best Solar Companies in Hampton, MD (Mar 2023 Review)

The Cost and Benefits of Solar in Hampton

Although solar panels can help save you a decent chunk of change on electricity bills over time, it's important to take into consideration the upfront costs. Some important things that impact the upfront cost and potential savings over time include:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• How much energy costs for you: The typical family in Hampton spends around $840 a year on power alone, so you could end up with that much in savings.
• How much sunlight your roof gets: This, along with the configuration of your roof, affects affect how much energy your solar panels can make.
• Choice of solar panels: The kind of solar panels you need 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.

Even though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the angle of your roof and your energy consumption.

Solar Incentives in Hampton

There are many reasons why adopting solar power is beneficial. One of them consists of some government incentives you can take advantage of. These incentives typically take the form of cash rebates, tax credits and/or performance-based incentives. They can cut how much you pay for installing solar panels by 30%, upwards of 50% depending on where you live. Our article on solar incentives goes over more information on the incentives you can take advantage of in Hampton.

Environmental Impact of Switching to Solar in Hampton

Switching to solar energy can have a positive effect on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hampton, though. The more power your house uses, the the more the environment will benefit from you switching to solar as you won't need to rely on traditional energy sources as much. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. As you can see, trading traditional energy for solar has so many other rewards apart from saving money. One of the main ones is that you can help save the environment too.